encouraging
\n ISLAMABAD
\nPrime Minister Muhammad Shehbaz Sharif on Wednesday chaired a high-level review meeting on the ongoing reforms in the Federal Board of Revenue (FBR), lauding the progress made so far while stressing the need for sustained and time-bound efforts to overhaul the tax system in line with modern requirements.
\nTerming the recent improvements in the tax machinery as \u201cencouraging,\u201d the prime minister emphasized that reforms must lead to the creation of a sustainable, digitized, and facilitative tax system, a Prime Minister\u2019s Office news release said. \u201cWe have achieved important milestones, but more dedicated efforts are required,\u201d he said.
\nThe prime minister directed the FBR to accelerate digital transformation, restructure its digital wing with a clear roadmap, and enhance enforcement to curb the informal economy. He also stressed the importance of stakeholder consultation in the reform process, particularly with businesses, traders, and taxpayers.
\nHe reiterated that improving the tax system should contribute to boosting national revenue while reducing the tax burden on the common citizen. The meeting was briefed that as a result of the reforms and enforcement measures, the tax-to-GDP ratio saw a historic rise of 1.5% in FY2025 compared to FY2024. Moreover, the number of income tax return filers surged from 4.5 million in 2024 to over 7.2 million by June 30, 2025.
\nFBR officials reported significant progress under the faceless customs clearance system, which increased revenue and is expected to reduce clearance times from 52 hours to just 12 hours within the next three months. \u2014 DNA<\/p>\n","protected":false},"excerpt":{"rendered":"
encouraging ISLAMABAD Prime Minister Muhammad Shehbaz Sharif on Wednesday chaired a high-level review meeting on the ongoing reforms in the Federal Board of Revenue (FBR), lauding the progress made so far while stressing the need for sustained and time-bound efforts to overhaul the tax system in line with modern requirements. Terming the recent improvements in […]<\/p>\n","protected":false},"author":2,"featured_media":481776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-492162","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"\n