The Federal Income Board (FBR) has launched the first Risk Management System (RMS) based on the artificial intelligence of Pakistan, announced Prime Minister Muhammad Shehbaz Sharif to review the ongoing FBR reforms.
According to the new system, AI and Bot will evaluate the nature and cost of imported and exported goods. The authorities said the system will use automatic learning to automate and refine customs operations over time, reducing delays and human intervention.
The initial tests showed a 92% improvement in system performance. The determination of taxes through the statements of goods (GD) increased by 83%, while the authorizations of green channels doubled.
The government expects RMS to increase transparency, increase efficiency and reduce pressure on customs officials. IA tools are designed to offer faster and more precise estimates, save time for both authorities and merchants.
Prime Minister Sharif described the FBR reforms as a “priority” and said that the automation of the fiscal system would help guarantee equity and convenience for taxpayers.
“By automating the fiscal system, we are making it more transparent and effective,” said the prime minister and added that the modern technology -based system will bring ease to do business and provide convenience to taxpayers.
The prime minister also reviewed new tax collection tools based on video analysis that are directed to the manufacturing sector.
These technologies are expected to improve income without direct human participation and it was discovered that they were 98% efficient during pilot tests.
Ministers Muhammad Aurengzeb (Finance), Attaullah Tarar (information), president of FBR and other senior officials attended the meeting.
