"Govt weighs law for digital economy boost
"Govt weighs law for digital economy boost " Caretaker PM Kakar Aims for Digital Economy Boost In a bid to digitize the economy, the interim government is exploring legislative changes, empowering the Ministry of Information Technology to play a central role in data collection, and expanding the tax base beyond 4.2 million filers. Sources reveal that discussions on increasing income tax return filers were held, involving Caretaker Prime Minister Anwaarul Haq Kakar and the Special Investment Facilitation Council (SIFC). The Federal Board of Revenue (FBR) presented suggestions during a briefing to the prime minister, which were further discussed at the SIFC meeting. The Ministry of Information Technology proposed a central role in data collection to boost the tax base, which was approved by the SIFC. Minister Umar Saif emphasized the digitization of the economy and taxation system, aiming to bring more people into the tax net and collect due taxes. While the formal and informa...