FBR signs a MoU with Punjab Revenue Board for sharing of data

Raza Kazmi

ISLAMABAD: In line with the vision of the Prime Minister to improve transparency in the tax collection system, Federal Board of Revenue has achieved another milestone by signing an MoU with the Board of Revenue, Punjab. Under the MoU, Board of Revenue, Punjab will share the data with Federal Board of Revenue which includes E-Stamps on a number of transactions and land ownership data.
FBR has been making consistent efforts to acquire third party data by linking its IT Systems with such parties to broaden tax base and to improve the transparency in the collection system.
Meanwhile, according to TLTP, the Federal Board of Revenue (FBR) has summoned a dry cleaner of Ghotki, after unearthing a suspicious transaction of Rs12.78 billion from his account on Sunday.
According to details, a dry cleaner named Romesh Kumar was shocked after receiving a call-up notice from the FBR to appear before it today (Monday).
According to FBR, a transaction worth Rs12.78 billion was carried out from the account of Romesh Kumar. The dry cleaner after receiving the notice of the FBR said he has no information who carried such a huge amount transaction from his account.
Romesh further said he was working in Sardar Ghulam Muhammad Sugar Mills in 2009 and left the job after two years. He has been asked to appear before the FBR tomorrow for interrogation.
Earlier this year, a driver became an overnight millionaire after a suspicious transaction of Rs4.9 million into his bank account in Jamshoro city of Sindh. The Jamshoro driver, Somaar Channa, was surprised over the presence of the large sums of money in his bank account as more than Rs4.9 million was transacted from an unknown source.

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