Haroon Akhtar Khan briefs IMF delegation on economic strides
A delegation of Post Programme Monitoring Mission of International Monetary Fund, led by Mr. Harold Finger, met with Mr. Haroon Akhtar Khan Special Assistant to PM Revenue, today 11th December 2017. The delegation held a detailed and fruitful discussion with SA to PM on different aspects of Pakistan's economy, its growth and FBR's contribution towards it. Mr. Finger lauded the efforts of the government, appreciating the healthy economic growth shown by Pakistan. Mr. Finger was appreciative of the momentum that was built last year and which has continued in this financial year also as indicated by sustained economic growth. The delegate specifically acknowledged the growth in revenue shown by FBR. Mr. Finger recognized that such growth was remarkable as last year FBR had experienced revenue dip due to the tax concessions offered in agricultural package, zero rating of inputs of five export oriented sectors and the government's decision of not passing on the effect of increase in POL prices.
B Mr. Haroon Akhtar pointed out the numerous policy as well as operational initiatives taken by FBR to create deterrence against tax evasion and avoidance. In this regard Mr. Finger appreciated FBR's role in introducing legislation such as Benami Act, its Anti-Smuggling and Anti Money Laundering operations. Mr. Finger appreciated the increase in number of tax filers and further emphasized the need to optimally utilize available third party data for bringing more people in the tax net. At the same time Mr. Finger also stressed the need to make concerted effort to take on policy issues to plug leakages and create more avenues for revenue collection. Mr. Finger also highlighted the simultaneous need for taxpayer facilitation, building trust and creation of tax culture along with revenue generating measures. He also pointed out the need to create coordination of Federal and Provincial revenue authorities and to harmonize processes.