ISLAMABAD, (MANEND NEWS): Prime Minister Imran Khan has stressed
for introducing track and trace system to avoid massive tax evasion in
major sectors such as sugar, cement, fertilizers and tobacco industry.
Chairing a meeting of the federal cabinet in Islamabad on Tuesday, PM
Imran Khan pointed out that the Federal Board of Revenue has been
striving to bring this system over the last fifteen years but every time
their efforts are sabotaged.
The Prime Minister said only two companies are paying taxes in the
cigarette industry whilst forty percent cigarettes are being sold in
Prime Minister Imran Khan said the FBR had assured to roll out the
track and trace system by July this year but now the Sindh High Court
has given a stay on it.
He directed the Law Minister Barrister Dr. Muhammad Farogh Naseem
and Attorney General for Pakistan Barrister Khalid Jawed Khan to
apprise the high court of the actual situation to get the stay vacated as
the tax evasion cannot be checked without automation.
He noted that due to tax evasion, we have to rely on indirect taxes
which leads to price hike.
On electoral reforms, the Prime Minister said electronic voting
machines have become inevitable to ensure transparency in the
elections. He said the cabinet should regularly be updated about the
progress made towards this end as well as giving the right of franchise
to overseas Pakistanis.