Daily Times

Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday said that the government will continue to engage with stakeholders and take necessary steps to ensure the successful implementation of Pakistan Raises Revenue Programme (PRRP).

The minister chaired the Steering Committee Meeting on the Pakistan Raises Revenue Programme (PRRP), which was attended by the the Minister of State for Finance & Revenue Ali Parvez Malik, Chairman Federal Board of Revenue, Secretary Economic Affairs Division and Secretary Planning Development and Special Initiatives, said a press release.

Secretary Maritime Affairs, Ms. Tania Airdus CEO Waseela, Salman Nasir CEO Ayesha Spinning Mills Limited Kamran Khalid Chief Product Officer Netsol Technologies, senior officers from concerned ministries and FBR and key stakeholders from the private sector and relevant agencies also attended the meeting.

The meeting focused on the strategies to enhance Pakistan’s revenue generation capacity. During the proceedings participants discussed multiple initiatives and reforms aimed at broadening the tax-base, improving tax compliance, and reducing revenue leakages.

The committee explored innovative approaches to enhance the efficiency of tax collection mechanisms and ensure equitable distribution of the tax burden.

The Steering Committee Meeting concluded with a strong consensus on the need for concerted efforts to implement the PRRP and achieve its objectives. The government will continue to engage with stakeholders and take necessary steps to ensure the successful implementation of the program.

FinnFund: Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Monday met with Antti Partanen, a representative from FinnFund, a Finnish development financier and focused on exploring potential investment opportunities in Pakistan. The minister underscored the significant improvements in Pakistan’s macroeconomic indicators and highlighted the government’s structural reform agenda, including the digitalization of the Federal Board of Revenue (FBR), energy sector reforms, State-Owned Enterprises (SOEs) reforms, and privatization measures.