McKinsey & Company wins bid for FBR digitalization project

April 27, 2024 (MLN): The Steering Committee on the Digitalization of the Federal Board of Revenue (FBR) on Friday approved the top proposal from McKinsey and Company, a globally renowned consulting firm, for the digitalization project.

The committee reviewed the progress made so far in the digitalization of FBR's operations and explored the avenues to further enhance efficiency and transparency of tax administration across the country.

The Finance Minister reaffirmed the government's commitment to collaborate with the private sector and all relevant stakeholders in propelling Pakistan towards a modernized taxation framework.

He underscored that digitalization of FBR is not only crucial for improving tax collection & administration, but also for promoting sustained economic growth.

Director DFS Karandaaz Sharjeel Murtaza briefed the committee on the procurement process, which involved comprehensive technical evaluation by an approved committee comprising senior officials from FBR and technical experts from Karandaaz Pakistan.

McKinsey and Company emerged as the top bidder after thorough evaluation of technical and financial aspects.

The negotiated full and final proposal from McKinsey and Company was presented to the committee, leading to the approval for contracting and onboarding McKinsey and Company and commencing the project.

The Finance Minister commended the Procurement Committee for ensuring the selection of high-quality consulting services for this important national project, and stressed upon the need for a result-oriented approach, leveraging existing knowledge on digitalization, and prioritizing early successes.

The meeting concluded with the agreement on the next steps for commencement of the digitalization process of FBR's operations through collaboration between FBR and the private sector for a digitally empowered tax ecosystem in the country.

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, also chaired along with other key stakeholders including Chairman FBR, CEO Karandaaz Waqas ul Hasan, Bill and Melinda Gates Foundation Country Lead Syed Ali Mahmood, and representatives from FBR.

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