Finance minister leads FBR digitalisation efforts

Oversees steering committee’s approval of McKinsey proposal

ISLAMABAD:

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired the meeting of the Steering Committee on the Digitalisation of the Federal Board of Revenue (FBR). The meeting was attended by key stakeholders, including the Federal Board of Revenue chairman, CEO Karandaaz Waqasul Hasan, the Bill and Melinda Gates Foundation Country Lead Syed Ali Mahmood, and other representatives from the FBR.

The committee reviewed the progress made so far in the digitalisation of FBR’s operations and explored avenues to further enhance the efficiency and transparency of tax administration across the country.

The finance minister underscored that the digitalisation of FBR is crucial not only for improving tax collection and administration but also for promoting sustained economic growth.

During the meeting, the committee approved the leading proposal from McKinsey and Company, a globally renowned consulting firm, for the digitalization project. Sharjeel Murtaza, Director of Digital Financial Services (DFS) at Karandaaz, briefed the committee on the procurement process. This process involved comprehensive technical evaluation by an approved committee consisting of senior officials from the FBR and technical experts from Karandaaz Pakistan. After thorough evaluation of technical and financial aspects, McKinsey and Company emerged as the top bidder. The negotiated, full and final, proposal from McKinsey and Company was then presented to the committee, resulting in approval for contracting and onboarding McKinsey and Company to commence the project.

Published in The Express Tribune, April 27^th, 2024.

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