LIVE Watch Now
Breaking
KPEZDMC allocates land for police station in HattarSri Lankan Co-Owner of T20 Team Held in Prison Over Match-Fixing AttemptPakistan Ambassador Meets Japanese Digital MinisterLiverpool Midfielder Szoboszlai Signs New Five-Year ContractPDMA Balochistan issues monsoon alert for upcoming weekZong Deploys 5G Technology at Islamabad International AirportBilawal urges government to reopen AJKWorld Cup final sparks pride in Barcelona neighbourhoodFamily of detained US scientist speaks outGoogle Renames NotebookLM to Gemini NotebookHybrid Fish Threaten Philippine Lake BiodiversityU.S. Consulate General in Peshawar Closes, Diplomatic Engagement TransferredPortugal’s World Cup team flies on same plane used for ICE deportationsCPPA Seeks Approval for Electricity Tariff IncreaseAcclaimed Irish actress Brenda Fricker passes away at 81OpenAI Launches ChatGPT Basketball as Part of New Merchandise RangeBethesda Focuses on ‘Elder Scrolls 6’ Amid Xbox LayoffsBalochistan government expands social welfare programsNational Refinery Sees Major Upgrade Worth $400M to $1.2BRail Minister Launches Expansion, Modernization Plans for Pakistan RailwaysKPEZDMC allocates land for police station in HattarSri Lankan Co-Owner of T20 Team Held in Prison Over Match-Fixing AttemptPakistan Ambassador Meets Japanese Digital MinisterLiverpool Midfielder Szoboszlai Signs New Five-Year ContractPDMA Balochistan issues monsoon alert for upcoming weekZong Deploys 5G Technology at Islamabad International AirportBilawal urges government to reopen AJKWorld Cup final sparks pride in Barcelona neighbourhoodFamily of detained US scientist speaks outGoogle Renames NotebookLM to Gemini NotebookHybrid Fish Threaten Philippine Lake BiodiversityU.S. Consulate General in Peshawar Closes, Diplomatic Engagement TransferredPortugal’s World Cup team flies on same plane used for ICE deportationsCPPA Seeks Approval for Electricity Tariff IncreaseAcclaimed Irish actress Brenda Fricker passes away at 81OpenAI Launches ChatGPT Basketball as Part of New Merchandise RangeBethesda Focuses on ‘Elder Scrolls 6’ Amid Xbox LayoffsBalochistan government expands social welfare programsNational Refinery Sees Major Upgrade Worth $400M to $1.2BRail Minister Launches Expansion, Modernization Plans for Pakistan Railways
◕ SundialUpdated 11 hours ago
Trending Stories
Business

Finance minister assesses progress of National Faceless Centre

Finance minister assesses progress of National Faceless Centre

Key Takeaways

  • Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb chaired a meeting to review the implementation roadmap.
  • The National Faceless Centre is part of the new Tax Operating Model aimed at improving tax administration.
  • Operational readiness of the Federal Board of Revenue's initiative was discussed.

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting on Friday to review the progress of the National Faceless Centre. This key initiative under the new Tax Operating Model seeks to establish a technology-enabled, centralized, and transparent framework for tax administration.

During the meeting, the minister emphasized the importance of ensuring operational readiness as part of the implementation roadmap. The Federal Board of Revenue (FBR) is at the forefront of this project, which aims to streamline tax processes and enhance efficiency in Pakistan’s revenue collection system.

The National Faceless Centre will allow taxpayers to file returns and make payments without having to physically appear before tax officials. This initiative aligns with broader efforts to modernize the country's tax administration, making it more accessible and user-friendly for citizens.

Senator Muhammad Aurangzeb stated during the meeting that the focus is on ensuring a smooth transition from the current system to the new technology-driven model. He highlighted the need for continuous monitoring and feedback mechanisms to address any challenges that may arise during implementation.

The minister also underscored the importance of public awareness campaigns to inform taxpayers about the benefits and procedures associated with the National Faceless Centre. These efforts are crucial in ensuring a seamless transition and maximizing the initiative's potential impact on tax compliance and revenue generation.

According to officials present at the meeting, discussions centered around key areas such as technological infrastructure, data security measures, and user-friendly interfaces for taxpayers. The aim is to create an environment where taxpayers can interact with the system easily and securely.

Senator Muhammad Aurangzeb expressed satisfaction with the progress made so far but stressed that there is still much work to be done. He called on all stakeholders involved in the project to remain committed and proactive in their efforts to make this initiative a success.

The National Faceless Centre represents a significant step towards modernizing Pakistan’s tax administration, aligning it with global best practices. The minister's review meeting underscores the government's commitment to improving efficiency and transparency in revenue collection processes.

The focus is on ensuring a smooth transition from the current system to the new technology-driven model.

Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue