Key Takeaways
- The Federal Board of Revenue (FBR) aims to operationalize tax monitoring systems in 18 sectors by December 31, 2026.
- Installation work is ongoing in sectors including textiles, packaged water, and packaged juice.
- Government measures have generated an additional Rs. 1.3 trillion in taxes over the past three years.
The Federal Board of Revenue (FBR) has announced plans to expand its tax monitoring systems to 18 sectors by the end of December 2026, aiming to enhance tax collection and reduce evasion.
According to a meeting chaired by Prime Minister Shehbaz Sharif, the monitoring systems have already been fully installed in the sugar, cement, tobacco, tiles, and fertilizer sectors.
Installation work is currently underway in textiles, packaged water, packaged juice, and packaged milk, with equipment purchases completed for these sectors.
The government plans to procure equipment for the steel, poultry, and tire sectors by October 15, and for tea, domestic electronics, leather, paper and board, and oil and ghee by October 30.
The monitoring systems across all 18 sectors are expected to become fully operational by the end of December, as per the FBR’s timeline.
The meeting also reviewed the progress on FBR reforms and the readiness of the systems following a detailed assessment of productive sectors.
Prime Minister Shehbaz Sharif expressed appreciation for the team involved in the review, highlighting the importance of these reforms.
Government enforcement measures have generated an additional Rs. 1.3 trillion in taxes over the past three years, marking a 40 percent increase in tax revenue.
The prime minister attributed the additional collection to these enforcement measures, emphasizing the government’s commitment to improving tax collection.
