FBR has announced plans to hire 102 experts to carry out field audits in 42 important industries across Pakistan. These industries include automotive, aviation, banking, textiles, telecom, pharmaceuticals, cement, real estate, and several others.
In the first phase of the plan, the audits will focus on 14 major sectors such as the automotive industry, iron and steel, Independent Power Producers (IPPs), banking, sugar, and petroleum. These areas have been identified as high priority for financial review.
To maintain transparency and high-quality standards, FBR will also bring in third-party auditors. A special selection committee will evaluate these experts, either through in-person interviews or virtual meetings, to ensure they meet the required qualifications and expertise.
Human resource firms involved in the process have been instructed to make sure the audit mentors meet the standards of FBR’s field formations. This step is aimed at improving the accuracy, fairness, and professionalism of the audits.
The initiative is part of FBR’s broader strategy to improve tax compliance, detect irregularities, and strengthen the country’s revenue system. By targeting key industries and employing skilled professionals, the board hopes to increase efficiency in audits and create a more accountable business environment.
Experts believe that if implemented effectively, this program could significantly enhance transparency in Pakistan’s economic sectors, build public trust in the tax system, and help generate more revenue for the government.
