Islamabad: The new Government of Pakistan is looking to introduce structural reforms in Federal Board of Revenue by dividing the board into two separate bodies; management and policy wings, reported a news source.
The newly elected government is considering to seek help from the private institutions in order to bring reforms in the functions and operation of FBR. In this regard, the reforms proposed earlier by the World Bank may be considered.
The government intentions to introduce the reforms are clear as the main objective is to increase the revenue by targeting new taxpayers. As per the report, the revenue generated by the FBR is only 10% of the total GDP, the lowest in the world.
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