The Federal Board of Revenue (FBR) has inked an agreement with Karandaaz Pakistan to digitalize the tax system.
FBR has been actively focusing on automating its processes and transitioning the economy into the digital realm. These endeavors aim to reduce the compliance costs for taxpayers, formalize the economy, broaden the tax base, and pave the way for sustainable revenue growth.
Collaborating with Karandaaz, FBR will formulate a comprehensive digital strategy to drive its digital transformation, encompassing digitalization initiatives and their execution.
Karandaaz Pakistan, an impact investment platform fostering sustainable economic growth and enhancing financial and social protection systems for inclusivity, will support FBR in assessing business requirements, evaluating existing IT infrastructure and systems, and refining business processes. Simultaneously, this will set the stage for digitalizing Pakistan’s tax system through service-oriented and taxpayer-centric approaches.
During the signing ceremony, Chairman FBR, Malik Amjed Zubair Tiwana, reiterated FBR’s commitment to automation and digitalization efforts, including supply chain digitalization, to tackle the challenge of the informal economy and broaden the tax base. Furthermore, the collaboration with Karandaaz signifies a pivotal step toward realizing FBR’s digital transformation goals.
Minister for Finance and Revenue, Muhammad Aurangzeb, stressed the importance of business facilitation and a people-centric approach in designing digital solutions during a meeting with FBR and Karandaaz. He emphasized the need for top-tier human capital to lead the assessment and design process, suggesting the engagement of experienced international consultants with a track record in implementing tax digitalization solutions in similar contexts.
Moreover, the agreement was signed by Ardsher Salim Tariq, Member (Reforms and Modernization) on behalf of FBR, and Sharjeel Murtaza, Director Digital Services, representing Karandaaz Pakistan.
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