Caretaker Prime Minister Anwaarul Haq Kakar, during a meeting discussingthe privatisation of the loss making Institutions in Pakistan. Theconcerned authorities and departments were told to accelerate the processin this regard.
PM Kakar also urged the fulfillment of legal obligations to expedite theprivatization of state-owned enterprises and called on federal ministriesto cooperate with the Privatisation Division
Further matters related to the Federal Board of Revenue (FBR) andPrivatisation Division, reaffirmed his government’s commitment to expandingthe tax base. He instructed all relevant departments to collaborate on taxreforms, emphasizing the need for improved coordination between federal andprovincial governments for tax documentation.
.
Read Top Stories
In the briefing, it was mentioned that the FBR was determined to achieveits tax collection target of Rs9415 billion and had already collected Rs538billion in July and Rs669 billion in August. Domestic tax collection hadincreased by 38.7 percent compared to the previous year. Digital tools werebeing employed to enhance the tax-to-GDP ratio, and efforts were underwayto add one million new taxpayers to the tax net, with 182,000 already addedthis year. Additionally, the Point of Sales system was expanding to morecities and retailers, with plans to include 20,000 new retailers andimprove Transit Trade Management System.
Furthermore, customs digitalization was in progress, and the PakistanSingle Window system was being linked with more government institutions.The Privatisation Division aimed to enhance the service delivery ofgovernment corporations by leveraging the private sector’s capabilities.The meeting was attended by Interim Finance Minister Dr. Shamshad Akhtar,Advisor Ahad Cheema, federal secretaries of finance, aviation, andprivatisation, FBR chairman, and relevant senior officers
