Treasure Magazine

Treasure Magazine

Prime Minister Imran Khan introduces track and trace system

1 min read
Imran

ISLAMABAD: Prime Minister Imran Khan on Tuesday launched the Track and Trace system of the Federal Board of Revenue (FBR)

Prime Minister Imran Khan hopes that the country’s tax would hit 8 trillion rupee while lunching ceremony prime minister said that they never thought that it would be launched during the incumbent tenure, however, it was a success that the system has been launched in 2021.
“This will bring a positive effect on cement and fertilizer sectors,” he said.

He also said that the country could not be run properly without proper taxation and they had failed in Pakistan to develop a tax culture as people consider that their money would be laundered abroad rather than being spent in the country

“We have to lay the foundation of a tax culture,” he said that people have the right to ask about their money.

Imran Khan lamented that the country’s debt quadrupled from 2008 to 2018 without any infrastructural development and economic growth.

he said that the PTI government collected more revenue than any other government and had a target of Rs6000 billion for tax collection this fiscal year.

“Even Rs3000 billion from this will go in paying off country’s debts,” he added and hoped that the tax collection would touch the Rs8trillion mark.

He said that tax collection has become an issue of national security and the FBR had an important role to play in this regard.

Leave a Reply

Your email address will not be published. Required fields are marked *