FBR SIGNS AGREEMENT WITH KARANDAAZ PAKISTAN FOR DIGITIZATION OF TAX SYSTEM

Pakistan’s Federal Board of Revenue (FBR) has entered into an agreement with Karandaaz Pakistan for the Digitalization of Tax System.

Under this agreement, Karandaaz Pakistan, an impact investment platform that drives sustainable economic growth and strengthens financial and social protection systems for inclusion will assist FBR in assessment of the business needs, existing IT infrastructure and systems, and business processes to establish the context and scope for digitalizing the tax system of Pakistan using service oriented and tax payer centric use cases.

At the signing ceremony, Mr. Malik Amjed Zubair Tiwana, Chairman FBR, stated that FBR has put considerable focus towards automation of its processes and digitalizing the economy including the supply chain digitalization. Multiple endeavours have been undertaken to address the challenge of the undocumented economy and expanding the tax base. FBR will now be collaborating with Karandaaz for realizing the digital transformation of FBR, its digitalization initiatives and their implementation.

Mr. Muhammad Aurangzeb, the Minister for Finance and Revenue who chaired a meeting with FBR and Karandaaz earlier in the day on the subject emphasized the importance of facilitation of business and people-centric approach in the design of these digital solutions.

He stated that the initiative holds a lot of potential which can only be realized through the use of best human capital leading the assessment and design. Experienced international consultants that have implemented tax digitalization solutions in similar contexts should be engaged for this activity.” Mr Waqas ul Hasan, CEO Karandaaz Pakistan stated that the initiative is in line with Karandaaz Pakistan’s sponsor Bill and Melinda Gates Foundation’s Digital Public Infrastructure workstream and will help in building a robust ecosystem for Pakistan Digital Stack.The transformation when complete will put the taxpayer’s natural systems at the centre and the tax administration more resilient and agile. The whole nation will benefit from the dividends of this digital transformation.”

The agreement was signed on March 15th, 2024. On behalf of FBR, Mr. Ardsher Salim Tariq, Member (Reforms and Modernization) and on behalf of Karandaaz Pakistan, the agreement was signed by Mr. Sharjeel Murtaza, Director Digital Services.