PM Shehbaz Directs Third-Party Audit of FBR Projects

In a significant move aimed at bolstering transparency and operational efficiency, Prime Minister Shehbaz Sharif has directed that a third-party audit be conducted on all projects under the Federal Board of Revenue (FBR). This decision was made during a meeting held on Friday, where the prime minister reviewed the operations of the FBR, which plays a crucial role in the economic framework of Pakistan.

The FBR is often referred to as the backbone of the country’s economy. It is responsible for collecting taxes and ensuring that the government has the necessary funds to provide essential services to its citizens. The prime minister highlighted that digitisation within the FBR is a vital step in the government’s broader economic reforms. By improving revenue collection processes, the government aims to enhance the quality of services offered to the public and strengthen the social sector.

During the meeting, PM Shehbaz underscored the importance of a robust enforcement system within the FBR. He described this as a critical measure for ensuring the financial stability of the nation. The prime minister also praised the FBR Transformation Plan, which aims to modernize the tax collection system and make it more efficient. He encouraged FBR officials to actively engage with taxpayers, seeking their feedback and recommendations to improve the system further.

Moreover, the prime minister reiterated the government’s commitment to fostering a thriving private sector, which he believes is essential for Pakistan’s economic future. A strong private sector can lead to job creation and increased investment, ultimately benefiting the economy as a whole. In addition, PM Shehbaz called for immediate action to combat smuggling, which he noted has a harmful effect on the economy. Smuggling undermines legitimate businesses and deprives the government of crucial tax revenue.

The prime minister’s directive for a third-party audit of FBR projects reflects a proactive approach to governance. By prioritizing transparency and efficiency, the government aims to build trust with the public and ensure that taxpayer money is utilized effectively. As Pakistan navigates its economic challenges, such measures could pave the way for a more stable and prosperous future for all citizens.