FBR and FMU Join Forces for Effective Tax Evasion Combat Strategies

Malik Amjed Zubair Tiwana, Chairman of the Federal Board of Revenue (FBR), emphasized the importance of ongoing collaboration between FBR and the Financial Monitoring Unit (FMU) to combat tax evasion.

According to a press release addressing the closing ceremony of the joint FBR-FMU Workshop on Financial Intelligence for Tax Evasion, organized with FCDO’s UPSCALE Programme at the FBR headquarters, Tiwana advocated for enhanced quality financial intelligence. He stressed its effective use in investigations.

Tiwana commended the Directorate General of Intelligence and Investigation-Inland Revenue and the FMU for hosting the event. He expressed his desire to strengthen this partnership further to tackle illicit finance.

He also extended gratitude to Lewis Evans of the British High Commission for his role in organizing the workshop.

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Ms. Lubna Farooq, Director General of FMU, acknowledged FBR and FCDO’s contributions and highlighted the critical need for continuous coordination. This collaboration aims to expand knowledge and mutual understanding in combating tax fraud and evasion.

Farooq says this joint effort will improve investigation efficacy and foster a stronger, interconnected framework against financial crimes.

The workshop, attended by FMU analysts and investigating officers from the Directorate General of Intelligence and Investigation-Inland Revenue, focused on identifying risk areas in financial intelligence related to tax crimes.

On January 25, FBR finalized a scheme to tax retailers across Pakistan, starting with four provincial capitals in the first phase. This initiative is expected to generate approximately Rs100 billion in revenue, with taxes determined by the shop size and annual income.