A new AI-based tax system is expected to be introduced on October 1.

The Prime Minister has instructed a three-year independent audit of customs-bonded warehouses nationwide, to be conducted by a third party.

On Tuesday, at a review meeting of the Federal Revenue Board, which he chairs, Prime Minister Shehbaz Sharif stated that there is no room for irregularities in customs warehouses and that strict measures must be taken against officials involved in any wrongdoing or illegal activity, in accordance with the law.

According to officials, customs trade accounts for 16.5% of the country's total imports. Following the Prime Minister's instructions, a physical inventory check will be carried out at customs warehouses across the country.

While appreciating the recent FBR enforcement operations against illegal cigarette manufacturing factories in Chakwal and Sawabi, the PM directs the Chairman FBR to appoint officers with strong reputations and integrity to sensitive posts and departments.

PM further advised him to complete the Faceless System rollout by 2027, and the mechanism must be implemented to improve transparency and minimize direct interaction among taxpayers and FBR officials.

 

 

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