Karachi: The Federal Board of Revenue (FBR), in collaboration with the Medium Taxpayers Office (MTO), took a significant step towards modernizing Pakistan's tax system by hosting an awareness session at the Korangi Association of Trade and Industry (KATI). Chief Commissioner Aftab Imam led the event, highlighting the board's commitment to utilizing advanced technology to create a more streamlined and transparent tax system.

The session was attended by prominent figures including KATI President Junaid Naqi, Acting Patron-in-Chief Zubair Chhaya, Senior Vice President Ejaz Ahmed Sheikh, and Vice President Tariq Hussain. The gathering also included other key stakeholders from the business community and FBR officials.

During the session, Aftab Imam discussed the benefits of the PRAL (Pakistan Revenue Automation Limited) software, which aims to simplify invoicing, e-filing, and digital payment processes. He emphasized that this initiative is designed to ease compliance for businesses and attract new taxpayers into the formal sector.

KATI President Junaid Naqi expressed support for the FBR's efforts but underscored the importance of building trust between businesses and tax authorities. He voiced concerns about issues such as arbitrary notices and corruption in audits, as well as the backlog of sales tax refunds, which he said hampers industry operations.

Zubair Chhaya, the Acting Patron-in-Chief, criticized the current filer-non-filer divide, arguing that it discourages compliance and suggested that eliminating this gap could significantly boost tax revenues.

Senior Vice President Ejaz Sheikh highlighted the need for training and support for small businesses to adapt to the new systems, while Committee Chairman Tariq Malik proposed a direct communication channel between KATI and FBR for addressing concerns.

The session included a detailed presentation by FBR officials on the technical aspects of PRAL, leading to active participant engagement and discussions on the need for further reforms.

In concluding remarks, Aftab Imam announced plans for regular training sessions to enhance awareness and expand the national tax base.