T & T system deployment enhances FBR's collection from Tobacco, sugar sectors.

ISLAMABAD -- The electronic monitoring Track and Trace system has helped the Federal Board of Revenue with increasing revenue collection from key sectors including Tobacco, sugar and Fertilizer.

Sources said that several successful demonstrations were conducted in all these sectors to showcase the functionality of the Track and Trace System. Subsequently, this system was effectively implemented across the majority of these sectors.

This successful deployment has significantly contributed to the revenue authorities exceeding their Tax Collection Targets. Sources further said that the revenue collection has surged to Rs83.5 billion from Tobacco sector during Fiscal Year 2023 as a result of the implementation of the Track and Trace system.

Whereas, FBR has collected Rs61.79 billion revenue from Tobacco sector prior to implementation of T and T during FY 2022.

Similarly, the revenue collection from the sugar sector after the implementation of the T and T system reached Rs26.03 billion during December 2021 to March 2022.

Prior to implementation of T and T, the collection from the sugar sector was Rs19.9 billion, sources added.

The FBR has collected Rs2,041 billion in the first quarter of current financial year against the assigned target of Rs1,978 billion, thus exceeding the target by Rs63 billion.

Reportedly, FBR is also planning to introduce a 'Sales Tracking System' before the next crushing season in the sugar sector to ensure traceability of the production till end user.

Recently, the World Bank in its report termed overall satisfactory performance in several Disbursement Linked Indicators (DLIs) including installation of Track and Trace system in key sectors under Pakistan Raises Revenue project.

The indicator reports the cumulative number of sectors covered in the track and trace system adding that the system has been installed in sugar and fertilizer sectors.

The system is also being implemented in the majority of tobacco manufacturing units (mostly covering large firms...