FBR Restructuring decisions

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1. Tax policy functions taken away from FBR and is to rest with Revenue Division headed by a federal secretary.

2. Revenue Division will also be responsible for valuation of properties.

3. Current FBR to split in to Customs and Inland Revenues with separate boards and chairman.

Far reaching implications for tax collection. Why couldn’t elected governments do it? It took Dr. Shamshad Akhtar less than 4 months to accomplish this. It took her only one month to arrange issuance of Sukuks through PSX. Then political leaders claim their term was not enough.

https://twitter.com/najamali2020/status/1743492478031003809?s=46&t=2IE2mbHMKM-GTtfYzZ0m3Q