PM directs to introduce technology in the FBR to ensure transparency in tax system

News Image

MG News | October 23, 2020 at 09:53 AM GMT+05:00

October 23, 2020: Prime Minister Imran Khan has said as the broadening of tax base had vital importance in stabilization of country’s economy, modernization of the Federal Board of Revenue is part of the government’s priorities.

Presiding over a briefing session about reforms in FBR and tax system in Islasmabad, he directed for introducing technology in the FBR and tax system so that transparency of the system could be ensured.

Prime Minister directed that special focus should be given on the elimination of unnecessary withholding taxes.

He further said system for taxpayers specially the system of tax returns should be made easy.

Stressing on the importance of making the tax system easy for Small and Medium Enterprises, he said since the promotion of SMEs was the government’s foremost priority, special focus should be given on the facilitation of traders in this sector.

Earlier, Special Assistant to the Prime Minister Dr Waqar Masood briefed the prime minister in detail about reforms in the FBR and tax system.

Radio Pakistan

Related News

Name Price/Vol %Chg/NChg
KSE100 170,493.49
100.39M
-0.16%
-271.73
ALLSHR 103,143.57
330.73M
-0.09%
-97.48
KSE30 50,728.25
31.75M
-0.17%
-85.64
KMI30 243,979.46
43.76M
-0.17%
-411.84
KMIALLSHR 66,841.58
220.73M
-0.13%
-86.68
BKTi 47,122.19
7.99M
-0.32%
-152.13
OGTi 34,965.13
2.43M
-0.13%
-44.30
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 83,195.00 85,595.00
82,860.00
-1225.00
-1.45%
BRENT CRUDE 107.91 108.27
105.06
3.59
3.44%
RICHARDS BAY COAL MONTHLY 123.00 0.00
0.00
-0.10
-0.08%
ROTTERDAM COAL MONTHLY 138.60 138.60
138.50
1.85
1.35%
USD RBD PALM OLEIN 1,167.50 1,167.50
1,167.50
0.00
0.00%
CRUDE OIL - WTI 95.56 95.72
92.68
3.15
3.41%
SUGAR #11 WORLD 18.42 18.63
18.41
-0.08
-0.43%

Chart of the Day


Latest News
September 28, 2026 at 02:29 PM GMT+05:00

Gold price in Pakistan falls Rs12,800 per tola


September 28, 2026 at 02:16 PM GMT+05:00

PNSC declares Rs10 dividend


September 28, 2026 at 12:59 PM GMT+05:00

Govt may allocate up to Rs500bn under Sasta Petrol Scheme


September 28, 2026 at 12:59 PM GMT+05:00

TOWL FY26 profit settles at Rs151m



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg