The Federal Board of Revenue (FBR) has partnered with Karandaaz Pakistan to digitalize the tax system. This collaboration aims to streamline processes, enhance taxpayer compliance, and propel Pakistan’s economy into the digital age.
The Digital Transformation Agenda
FBR’s commitment to automation and digitalization reflects a broader strategy to drive economic growth and expand the tax base. By leveraging technology, FBR aims to reduce compliance costs for taxpayers, document the economy, and ensure sustainable revenue growth.
Partnership for Progress
Under the agreement, Karandaaz Pakistan will work closely with FBR to develop a comprehensive digital strategy. This includes assessing business needs, evaluating existing IT infrastructure, and designing taxpayer-centric solutions.
By harnessing service-oriented use cases, the collaboration aims to revolutionize Pakistan’s tax system.
At the signing ceremony, Chairman FBR, Malik Amjed Zubair Tiwana, emphasized the importance of digitalization initiatives in addressing the challenges of the undocumented economy.
He highlighted FBR’s commitment to collaboration with Karandaaz to implement digital transformation effectively.
Realizing the Potential
Minister for Finance and Revenue, Muhammad Aurangzeb, stressed the importance of people-centric digital solutions. He underscored the potential of the initiative to facilitate businesses and enhance tax administration.
The engagement of experienced international consultants is crucial for the success of the digitalization endeavor.
Karandaaz Pakistan’s CEO, Waqas ul Hasan, expressed alignment with the Digital Public Infrastructure workstream of the Bill and Melinda Gates Foundation.
He emphasized the transformative impact of building a robust ecosystem for Pakistan’s Digital Stack, benefiting taxpayers and the nation at large.
The agreement between FBR and Karandaaz Pakistan marks a pivotal moment in Pakistan’s digital journey. By embracing technology and innovation, the digitalization of the tax system promises greater efficiency, transparency, and inclusivity.
With concerted efforts, Pakistan is poised to reap the dividends of a digitally transformed economy.