Investors Urged to Seize $100M FBR Digital Opportunities
Staff Report:
ISLAMABAD: The Prime Minister has urged investors to tap into over $100 million worth of investment opportunities in the digital reforms of the Federal Board of Revenue (FBR).
There are investment opportunities worth more than $100 million in digital invoicing, faceless technology, cargo tracking, and other digital reforms in the FBR, prime minister was informed during a meeting here.
Prime Minister Muhammad Shahbaz Sharif chaired a meeting on the participation of investors in the process of digital and other reforms in the FBR and related opportunities.
The Digital Investment Forum, held under the Prime Minister’s Digital Cooperation Conference, welcomed a total investment of $700 million in Pakistan’s IT sector.Caretakers Defer FBR Restructuring to Newly Elected Govt
The Pakistani business community is proving its mettle at the international level, said the Prime Minister adding that Pakistani businesspeople in the IT sector are providing valuable services in the global market.
Premier said that there is no doubt that the Pakistani nation has the potential to play a central role in the development of not only the domestic but also the global economy.
Pakistan has world-class experts in every field, including IT. If given opportunities according to their abilities and capabilities, they can deliver excellent results, said the Prime Minister adding that the government will prioritize involving the Pakistani investment community in the reform process of the country’s IT and other sectors.
Through Pakistani investors, we will achieve long-lasting, improved, and sustainable results, said the Prime Minister.
The Prime Minister directed the organization of a special webinar to inform IT sector investors about investment opportunities in digital reforms in the FBR.
During the meeting, participants were informed about the various stages of the digital reform process in the FBR and the investment opportunities available.
The FBR is working on digital monitoring, track and trace, digital research and analytics, and other reforms, many of which have already been implemented, according to the briefing.
The meeting was attended by Finance Minister Muhammad Aurangzeb, Minister for IT Shaza Fatima Khawaja, Secretary General Digital Dima bint Yahya Al Yahya, CEOs of international IT companies, and officers from relevant institutions.
