The federal cabinet is expected to give a go-ahead to major structural reforms in the Federal Board of Revenue (FBR) when it meets for its third session today.
The session, which will be chaired by Prime Minister Imran Khan at PM House, is likely to make important decisions today including structural changes in the taxation authority.
The federal government, according to sources, has decided to do away with three positions within the FBR.
Prime Minister Imran Khan on Monday vowed to introduce reforms to enhance tax collection in a week’s time, increase the tax base, and improve governance to boost foreign investment.
“We will do all within our means to stand up on our own feet. We cannot continue to live on loans and still yearn for dignity,” he said during his maiden speech in the Senate.
He said the Pakistan Tehreek-e-Insaf (PTI) government has embarked upon a cost-cutting austerity drive to slash its expenses. The measures are aimed at giving a clear message to all that the money of the taxpayers is not meant for ostentatious lifestyle of the rulers, but for spending on the welfare of the people, he said.
“We are working on a plan to increase our tax base, improve governance, bring in foreign investment and generate revenue,” PM Imran shared, adding that the government aims to improve FBR’s performance.