ISLAMABAD: The Federal Board of Revenue (FBR) has achieved yet another milestone by crossing revenue collection figure of Rs 2 trillion, a month earlier than last year.
According to brief statement by the board, Chairman FBR, Asim Ahmad appreciated the performance of team FBR. He expressed optimism to achieve the collection target set for FY 2022-23, the statement added.
Earlier, chairman Federal Board of Revenue (FBR) Asim Ahmad felicitated all the government organizations and their key personnel including the concerned officers of Inland Revenue Service and Pakistan Customs who worked tirelessly for the removal of Pakistan from the grey list of Financial Action Task Force (FATF).
The Chairman FBR reiterated unflinching resolve and an unwavering commitment to continue implementing the anti-money laundering and combating terror financing regimes in the areas supervised by FBR.
He said that like many other governmental organizations, FBR has played a key role in completing the FATF action plans relating to Designated Non-Financial Businesses and Professions (DNFBPs), cash smuggling, investigating tax crimes for money laundering and confiscating the proceeds of tax frauds.
In 34 items of the FATF action plans, FBR has directly dealt with at least 8 actions and spearheaded the process of their implementation, he said adding that in order to ensure compliance with regard to DNFBPs, FBR has issued anti money laundering and counter terror financing regulations, conducted extensive outreach programs to educate about DNFBPs.
It also established a dedicated IT-based DNFBP Management System, launched customized mobile App for registrations and screening purposes, carried out a large number of onsite inspections and imposed a wide range of penalties for non-compliance, he added.
