Prime Minister Imran Khan on Tuesday launched the Federal Board of Revenue's (FBR) first-ever Track and Trace System for the sugar sector.
Addressing the launching ceremony in Islamabad, the premier said that this system will help enhance the tax collection.
PM Imran stressed the need for promoting and strengthening tax culture in the country by assuring people that their taxes will be spent for welfare of their children instead of luxuries of rulers.
“People will not hesitate in paying tax if their confidence on government machinery is restored,” the premier noted.
“Technology-based Trace and Track system will ensure utmost transparency in the tax collection and restoring people's confidence,” he added.
Speaking on the occasion, Finance Adviser Shaukat Tarin said that 76 companies have signed up for the track and trace system so far.
He said that FBR and National Database and Registration Authority (NADRA) are working on broadening the tax base through the use of modern technology.
The Advisor said around fifteen million people have been identified, who can be brought to the tax net.
As per the details, FBR's trace and track system will ensure electronic monitoring of the production and sale of important sectors including tobacco, fertilizer, sugar and cement sectors.
This will help bring transparency in the system and enhance the country's revenue.
Under the system, no production bag of sugar will be taken out from the factory and manufacturing plant without stamp and individual identity mark.