BR100 Increased By (0.36%)
BR30 Decreased By (-0.13%)
KSE100 Increased By (0.22%)
KSE30 Increased By (0.37%)
AGHA 6.68 Increased By ▲ 0.01 (0.15%)
BECO 4.37 No Change ▼ 0.00 (0%)
BML 57.32 Increased By ▲ 0.88 (1.56%)
BOP 30.35 Increased By ▲ 0.01 (0.03%)
CNERGY 13.12 Increased By ▲ 0.03 (0.23%)
CSIL 5.41 Increased By ▲ 0.05 (0.93%)
FCCL 52.79 Increased By ▲ 0.41 (0.78%)
FFL 14.72 Decreased By ▼ -0.02 (-0.14%)
FNEL 1.12 No Change ▼ 0.00 (0%)
KEL 6.09 No Change ▼ 0.00 (0%)
KOSM 5.73 Increased By ▲ 0.77 (15.52%)
LOTCHEM 26.46 Decreased By ▼ -0.89 (-3.25%)
MLCF 93.16 Increased By ▲ 0.41 (0.44%)
NBP 164.66 Decreased By ▼ -0.32 (-0.19%)
NCPL 55.66 Increased By ▲ 0.02 (0.04%)
NPL 61.16 Decreased By ▼ -0.10 (-0.16%)
OGDC 316.73 Decreased By ▼ -1.03 (-0.32%)
PACE 9.87 Decreased By ▼ -0.06 (-0.6%)
PAEL 35.63 Increased By ▲ 0.13 (0.37%)
PIBTL 14.68 Increased By ▲ 0.11 (0.75%)
PPL 226.91 Decreased By ▼ -0.88 (-0.39%)
PRL 93.02 Increased By ▲ 0.45 (0.49%)
PTC 60.26 Decreased By ▼ -0.37 (-0.61%)
SSGC 23.81 Increased By ▲ 0.01 (0.04%)
TBL 8.75 Increased By ▲ 0.07 (0.81%)
TELE 7.80 Increased By ▲ 0.02 (0.26%)
TPL 22.35 Increased By ▲ 0.12 (0.54%)
TPLP 12.97 Increased By ▲ 0.30 (2.37%)
TREET 22.16 Decreased By ▼ -0.38 (-1.69%)
TRG 56.56 Decreased By ▼ -1.24 (-2.15%)
Business & Finance

Govt weighs AI-based tax enforcement, digital monitoring reforms for budget

FBR proposes AI and digital systems to detect false tax data, curb evasion, and modernize administration, ensuring a business-friendly, transparent approach.
Published Updated

The government is considering the introduction of digital monitoring systems and artificial intelligence (AI)-based tax enforcement reforms in the upcoming Finance Bill to curb tax evasion, broaden the tax base and improve revenue collection, according to a press release.

The proposals were reviewed during a high-level meeting chaired by Federal Minister for Economic Affairs Ahad Cheema on Wednesday, according to an official statement.

The meeting was attended by Federal Minister for Climate Change Musadik Malik, Adviser to the Prime Minister on Industries and Production Haroon Akhtar Khan, Minister of State for Finance Bilal Azhar Kayani, Chairman Federal Board of Revenue Rashid Mahmood Langrial and Attorney General for Pakistan Mansoor Usman Awan, along with senior officials.

During the briefing, officials of the Federal Board of Revenue presented a series of proposed tax enforcement measures aimed at addressing underreporting, non-reporting, under-invoicing, tax evasion and smuggling.

Among the key proposals discussed were digital monitoring mechanisms and AI-based systems designed to detect false data in tax returns and strengthen oversight against underreporting and tax evasion. Participants also reviewed a proposal to introduce an e-auction system for confiscated goods by customs authorities to improve transparency and efficiency in the disposal process.

Cheema said the government wanted to pursue tax enforcement reforms while ensuring economic growth and avoiding hurdles for businesses. He stressed the importance of a tax system with minimum human interaction.

Participants agreed that technology-driven and digitally automated solutions could help improve transparency, documentation and enforcement while maintaining a business-friendly environment.

The minister directed the FBR to further refine the proposed measures and ensure the reforms are practical, technology-oriented and capable of delivering effective results.

He reiterated the government’s commitment to broadening the tax base, optimizing revenues, enhancing transparency and modernizing the tax administration system to support sustainable economic growth and fiscal stability.

Comments

200 characters remaining