BR100 Increased By (0.2%)
BR30 Increased By (0.41%)
KSE100 Increased By (0.07%)
KSE30 Increased By (0.23%)
AGHA 7.75 Decreased By ▼ -0.17 (-2.15%)
BECO 5.19 Decreased By ▼ -0.01 (-0.19%)
BML 58.66 Decreased By ▼ -0.59 (-1%)
BOP 33.69 Increased By ▲ 0.01 (0.03%)
CNERGY 10.61 Increased By ▲ 0.80 (8.15%)
CSIL 5.30 Decreased By ▼ -0.12 (-2.21%)
FCCL 53.74 Increased By ▲ 0.22 (0.41%)
FFL 16.46 Decreased By ▼ -0.22 (-1.32%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 7.28 Decreased By ▼ -0.07 (-0.95%)
KOSM 5.64 Increased By ▲ 0.03 (0.53%)
LOTCHEM 29.65 Increased By ▲ 0.54 (1.86%)
MLCF 96.36 Increased By ▲ 0.86 (0.9%)
NBP 203.53 Decreased By ▼ -0.82 (-0.4%)
NCPL 56.85 Decreased By ▼ -1.39 (-2.39%)
NPL 67.31 Decreased By ▼ -0.48 (-0.71%)
OGDC 318.22 Increased By ▲ 0.28 (0.09%)
PACE 10.63 Decreased By ▼ -0.08 (-0.75%)
PAEL 41.77 Decreased By ▼ -0.06 (-0.14%)
PIBTL 16.81 Increased By ▲ 0.31 (1.88%)
PPL 220.17 Increased By ▲ 0.43 (0.2%)
PRL 49.05 Increased By ▲ 4.46 (10%)
PTC 70.01 Decreased By ▼ -0.76 (-1.07%)
SSGC 29.14 Increased By ▲ 0.21 (0.73%)
TBL 9.77 Decreased By ▼ -0.07 (-0.71%)
TELE 8.82 Increased By ▲ 0.06 (0.68%)
TPL 17.17 Increased By ▲ 0.72 (4.38%)
TPLP 12.51 Increased By ▲ 0.41 (3.39%)
TREET 22.59 Decreased By ▼ -0.21 (-0.92%)
TRG 60.22 Increased By ▲ 0.19 (0.32%)

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb underscored the government’s approach to leveraging artificial intelligence to enhance efficiency, transparency, strengthen revenue administration and support evidence-based policymaking.

The minister was speaking at a panel discussion titled “AI for Public Service Transformation and SDG Acceleration” at the National Artificial Intelligence (AI) Workshop.

Aurangzeb said that countries are adopting artificial intelligence at different stages, shaped by their respective economic structures and development priorities.

READ MORE: Pakistan to invest $1 billion in AI by 2030, announces PM Shehbaz

He emphasized that for Pakistan, the focus must remain on applied solutions that deliver measurable gains in efficiency, transparency, and productivity, rather than on technology for its own sake.

He noted that AI-enabled systems are playing an increasingly important role in strengthening compliance, enforcement, and decision-making.

He stated that the government’s ongoing tax transformation, anchored in reforms to people, processes, and technology, is leveraging AI-led CRM systems, AI-led production monitoring, risk-based compliance tools, and faceless customer processes to enhance transparency, reduce leakages, and improve revenue outcomes.

He emphasized that reducing discretionary human intervention through technology remains central to curbing inefficiencies and corruption, and that AI-led systems have generated tangible fiscal gains that would not have been achievable through manual processes alone.

The minister also highlighted the government’s approach to emerging digital assets, noting that the establishment of the Pakistan Virtual Asset Regulatory Authority (PVARA) reflects the need to manage risks while integrating new technologies into the formal economy.

He stated that bringing such activity into a regulated environment is essential to safeguarding financial stability and harnessing future economic potential.

Addressing the broader digital economy, the Finance Minister underscored the importance of investing in human capital and skills development to enable Pakistan’s youth to participate in higher-value segments of the global technology ecosystem.

He highlighted the role of advanced technologies, including blockchain and data analytics, in supporting productivity-led growth and expanding income opportunities.

Finance Minister stressed that artificial intelligence offers significant opportunities for Pakistan in areas such as revenue mobilization, public service delivery, and climate and population management.

He emphasized that realizing these gains will require a clear policy direction, institutional readiness, and a coordinated, whole-of-government approach to digital transformation.

Copyright Business Recorder, 2026

Comments

200 characters remaining