Daily Times

The Federal Board of Revenue (FBR) appointed Economist Shabbar Zaidi as their chairperson on Monday.

Last week, the former FBR Chairman Jahanzeb Khan was removed from his position. According to reports Khan was removed because “the government wanted to overhaul its financial team amid weakening growth rates and soaring inflation”.

Prime Minister Imran Khan was in a conversation with senior journalists in Islamabad when he announced to make Shabbar Zaidi as the chairperson of FBR.

The reports claimed that earlier the Advisor to the Prime Minister on Finance Dr Abdul Hafeez Shaikh had decided to appoint Mujtaba Memon as the new FBR chairman. However, the government had suspended the announcement.

Shabbar Zaidi is a well-known economist. He is a chartered accountant and famous for his work and development of taxation and fiscal laws of the country.

Zaidi is a trustee of Sindh Institute of Urology & Transplant. He is also a prestigious partner of accountancy firm A F Ferguson & Co and a valuable member of the Board of Governors of Liaquat National Hospital, Karachi.

The PTI government is also bothered and disturbed by the low tax collection rates during their time in the office.