BR100 Decreased By (-0.23%)
BR30 Decreased By (-0.01%)
KSE100 Decreased By (-0.19%)
KSE30 Decreased By (-0.24%)
AGHA 7.74 Increased By ▲ 0.05 (0.65%)
BECO 5.29 Decreased By ▼ -0.02 (-0.38%)
BML 60.01 Decreased By ▼ -1.22 (-1.99%)
BOP 36.46 Increased By ▲ 0.46 (1.28%)
CNERGY 11.94 Increased By ▲ 0.69 (6.13%)
CSIL 6.17 No Change ▼ 0.00 (0%)
FCCL 57.36 Increased By ▲ 0.48 (0.84%)
FFL 16.58 Increased By ▲ 0.07 (0.42%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.32 Decreased By ▼ -0.10 (-1.35%)
KOSM 6.05 No Change ▼ 0.00 (0%)
LOTCHEM 27.14 Decreased By ▼ -0.06 (-0.22%)
MLCF 102.07 Decreased By ▼ -1.02 (-0.99%)
NBP 206.35 Decreased By ▼ -1.28 (-0.62%)
NCPL 62.62 Increased By ▲ 0.70 (1.13%)
NPL 71.98 Decreased By ▼ -0.20 (-0.28%)
OGDC 319.19 Increased By ▲ 0.70 (0.22%)
PACE 11.38 Increased By ▲ 0.32 (2.89%)
PAEL 43.88 Decreased By ▼ -0.50 (-1.13%)
PIBTL 16.84 Decreased By ▼ -0.06 (-0.36%)
PPL 221.55 Decreased By ▼ -0.93 (-0.42%)
PRL 63.75 Decreased By ▼ -0.06 (-0.09%)
PTC 72.41 Decreased By ▼ -0.75 (-1.03%)
SSGC 27.28 Increased By ▲ 0.03 (0.11%)
TBL 9.86 Decreased By ▼ -0.02 (-0.2%)
TELE 8.62 Decreased By ▼ -0.19 (-2.16%)
TPL 20.68 Increased By ▲ 0.34 (1.67%)
TPLP 14.98 Increased By ▲ 0.01 (0.07%)
TREET 24.10 No Change ▼ 0.00 (0%)
TRG 63.29 Increased By ▲ 0.92 (1.48%)
Markets

PM Shehbaz directs third-party audit of WeBOC

Published Updated

Prime Minister Shehbaz Sharif on Thursday has directed relevant authorities to conduct a third-party audit of Web Based One Customs (WeBOC) System.

The development came after a meeting held under the chairmanship of PM Shehbaz Sharif regarding the affairs of Pakistan Customs and Federal Board of Revenue (FBR) in Islamabad.

“All ongoing reforms and digitization projects in the FBR should be brought under one umbrella,” the PM said in an official statement.

WeBOC is an indigenously developed, web-based computerized clearance system, providing end-to-end automated customs clearance of import and export goods. Back in May, the FBR had decided to replace the WeBOC customs clearance system with the new customs digital management system.

Meanwhile, during the meeting on Thursday, the officials informed the PM that during the fiscal year 2023-24, 72.4% of the imports and exports were cleared through the green channel.

From July 2023 to June 2024, Pakistan Customs received an additional revenue of Rs240 billion through valuation controls, the PM was informed.

“Reforms in the FBR and complete digitization is the issue of our economic survival,” said the premier.

The PM directed the relevant authorities to ensure third-party audit of ongoing reform projects in FBR and other institutions at all levels.

He also directed the authorities that steps should be taken to make the customs operation transparent and corruption-free on all the ports of Pakistan.

Shehbaz also called to immediately establish a project management unit for the ongoing project regarding reforms in the Customs system.

He directed authorities to resolve all issues regarding misinvoicing. “Under-invoicing should be abolished to protect Pakistan’s industry and products,” he said.

Meanwhile, the PM also directed to put in place a regulatory framework for the operation of the shipping sector.

Comments

Comments are closed for this article.

naveed Ahmad bajwa Jul 11, 2024 07:09pm
Speaker Speaker.....Now that PTA has been stuffed with my PAYTI BAHIS.....what has the regulator done to fix the problem.....wouldn't the rate of taxes steep that people are now using the phone only sparingly
0