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Chairman Jahanzaib Khan to brief PM Imran on restructuring of FBR tomorrow

Chairman Jahanzaib Khan to brief PM Imran on restructuring of FBR tomorrow

ISLAMABAD: Prime Minister Imran Khan has called review meeting of Federal Board of Revenue (FBR) on November 7, official sources told Customs Today.

According to sources, FBR high-ups will extensively brief the Prime Minister on proposed restructuring of the Board while steps taken for curbing money laundering, details of overseas Pakistanis’ assets and action taken in this regard will also be discussed, sources told.

Sources further added FBR will also brief the prime minister about the issues faced by the board, while profile of senior officers and recent postings and transfers would also come under discussion. The meeting would review measures and policy guidelines to increase revenue collection through broadening of tax net. The meeting will also discuss affairs of customs in relation to revenue evasion. Chairman Jahanzeb Khan will give a complete presentation to the prime minister, sources added.

Meanwhile, sources said that a proposal is under consideration to rationalize the entire hierarchy of the customs and Inland Revenue; however, the finance ministry is reviewing the restructuring proposals. FBR also directed the field formations to provide the suggestions and recommendations regarding the restructuring of FBR.

It is also to mention here that Finance Minister Asad Umar also showed dissatisfaction over not achieving the first quarter revenue target, and asked the chairman FBR to take steps to achieve the target.

Customs Today broke the story after taking of the power by PTI government that Federal Board of Revenue (FBR) is going to make huge reshuffle on top positions in an attempt to restructure the board. Then Customs Today reported on September 25 that federal government is reviewing a proposal to establish a Directorate General of Economics Intelligence Unit (EIU) in order to curb tax evasion and induct new people in tax net.