MOU signed between FBR and PSMA for electronic monitoring of production

Islamabad, October 01, 2020 (PPI-OT): In order to operationalize Video Analytics Rules, 2020 on Sugar sector, an Memorandum of Understanding (MoU) was signed by FBR with Pakistan Sugar Mills Association in a ceremony held in FBR (HQ), Islamabad. Dr. Muhammad Ashfaq Ahmed, Member (IR-Operations), FBR and Mr. Iskandar Khan, Central President, PSMA signed the MoU on behalf of their respective organizations. FBR has recently issued Video Analytics Rules, 2020 vide SRO 889(I)/2020, dated 21.09.2020 for electronic monitoring of specified goods.

Dr. Muhammad Ashfaq Ahmed, Member (IR-Operations), FBR welcoming the Central Chairman and other members of the Pakistan Sugar Mills Association remarked that FBR believes in minimizing the contact between tax collector and taxpayer to ensure ease of doing business.

For this purpose, Video Analytics technology has been introduced to monitor the production of specified goods through high tech video cameras to be installed on the production lines of sugar industry. The introduction of new technology will enable FBR to receive real-time video analytics data of production from the manufacturing sites and use it for tax collection purpose.

For more information, contact:
Second Secretary (Public Relations)
Federal Board of Revenue (FBR)
FATE Wing, Federal Board of Revenue,
Constitution Avenue, Sector G-5,
Islamabad, Pakistan
Phone: +92-51-9217267
Fax: +92-51-9208456

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