Karachi, The Chairman of the Federal Board of Revenue (FBR), Mr. Malik Amjed Zubair Tiwana, along with Member-IR (Operations) Mir Badshah Khan Wazir, conducted a detailed evaluation of the revenue collection performance of field formations in Karachi during a visit to the Large Taxpayers Office on February 16, 2024. The meeting included discussions with Chief Commissioners-IR of various taxpayer offices in the city and a review of tax recovery cases and strategies to meet budgetary targets.

According to Federal Board of Revenue, the Chairman assessed the ongoing fiscal year’s revenue collection progress and examined presentations by Chief Commissioners-IR on their assigned budgetary targets and the tactics implemented to achieve them. Cases of successful tax recovery following legal action were also brought to light during the session. Mr. Tiwana called for rigorous examination of the validity and legality of input tax claims to detect and rectify instances of tax fraud and the issuance of fake or flying invoices.

In line with the FBR’s objective to broaden the tax base, Chairman Tiwana also conducted a separate meeting with Chief Commissioners-IR of Regional Tax Office-I and II, Karachi. He gave directives to intensify efforts against unregistered entities required to be on FBR’s rolls and to enforce compliance among non-filers by utilizing punitive measures stipulated in the Income Tax Ordinance, 2001.

Furthermore, the Chairman held discussions with Chief Collectors and Collectors of Customs in Karachi at the Customs House, where he praised the anti-smuggling operations carried out by Pakistan Customs and encouraged continued diligence in these efforts.

The series of meetings ended with an acknowledgment of the commitment and effectiveness of the field formations and Pakistan Customs in achieving the revenue targets set for the current financial year.