Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

FBR establishing four-member monitoring committee to oversee ICTE

byCT Report
04/03/2025
in Breaking News, Islamabad, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: The Federal Board of Revenue (FBR) has officially constituted a monitoring committee to supervise the establishment and operations of the International Center for Tax Excellence (ICTE).

The ICTE, which was introduced under Section 230J of the Income Tax Ordinance, 2001, aims to enhance Pakistan’s tax administration through research, policy development, and international cooperation.

You might also like

Finance minister discusses REITs growth with stakeholders

02/05/2026

PM Shehbaz engages Bilal Bin Saqib on future of digital finance

02/05/2026

In a notification issued by the FBR, it was confirmed that the monitoring committee has been formed to ensure the full operationalization of ICTE. The committee consists of key FBR officials, including:

1. Muhammad Iqbal (IRS/BS-21) – Member (Admin/HR), FBR Headquarters, Islamabad – Chairman of the Committee

2. Ahmad Shuja Khan (IRS/BS-21) – Member (Audit/CRM), FBR Headquarters, Islamabad – Committee Member

3. Ardsher Saleem Tariq (IRS/BS-21) – Member (Reforms & Modernization), FBR Headquarters, Islamabad – Committee Member

4. Fida Muhammad (IRS/BS-19) – Chief (International Taxes), Directorate General of International Tax Operations, FBR Headquarters, Islamabad – Committee Member

The ICTE was established as part of the Finance Act, 2023, to serve as a premier institution for tax policy development, international tax cooperation, revenue forecasting, and tax administration research. The FBR has outlined the core functions of ICTE, which include:

• Conducting interdisciplinary research on tax policy and administration.

• Enhancing capacity building of Inland Revenue Officers.

• Organizing international seminars and workshops on global tax challenges.

• Improving revenue collection strategies within the existing framework.

• Advising the FBR and the federal government on policy matters.

The governance of ICTE will be overseen by two key bodies: the Nominating Committee and the Executive Committee.

The Nominating Committee, comprising the Minister-in-Charge, Secretary Revenue Division, and Secretary Finance, will recommend candidates for the role of Executive Director and independent members of the Executive Committee.

The Executive Committee, including senior FBR officials and independent members, will ensure ICTE’s alignment with national tax policies.

The FBR has also confirmed that the Executive Director will act as the Chief Executive Officer of ICTE, overseeing its daily administrative functions independently. Additionally, the Executive Committee will set the annual objectives for ICTE, ensuring that its research and initiatives align with the FBR’s strategic goals.

To further ensure transparency, the FBR has stipulated that ICTE will follow strict data protection protocols, maintaining taxpayer confidentiality while utilizing anonymized data for research and policy recommendations.

The monitoring committee will also be responsible for overseeing the recruitment of ICTE personnel, with at least 50% of staff positions reserved for serving Inland Revenue officers with a minimum of five years of experience in tax policy or administration.

The FBR remains committed to strengthening Pakistan’s tax infrastructure through ICTE, ensuring that the institute plays a vital role in modernizing tax policies, fostering international collaboration, and enhancing revenue generation mechanisms. With the monitoring committee in place, the operationalization of ICTE is expected to progress smoothly, reinforcing the FBR’s efforts toward tax reform and compliance enhancement.

Related Stories

Finance minister discusses REITs growth with stakeholders

byCT Report
02/05/2026

ISLAMABAD:Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Saturday chaired a virtual meeting of the Focus Group to...

PM Shehbaz engages Bilal Bin Saqib on future of digital finance

byCT Report
02/05/2026

LAHORE: Prime Minister Shehbaz Sharif held a meeting with Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal Bin...

CM’s advisor Ali Mustafa Dar unveils AI governance plan

byCT Report
02/05/2026

RAWALPINDI: Advisor to the Chief Minister of Punjab on Artificial Intelligence and Special Initiatives, Ali Mustafa Dar, has announced that...

Pakistan’s inflation hits two-year high at 10.9pc in April

byCT Report
02/05/2026

ISLAMABAD: Pakistan’s inflation surged to a near two-year high of 10.9% in April, driven by rising fuel prices, global supply...

Next Post

Pakistan 'well positioned' for first review of IMF bailout: FinMin Aurangzeb

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.