ISLAMABAD: The Federal Board of Revenue (FBR) on Friday signed a $120 million contract for track & trace system with AJCL Consortium.
According to officials, a contract has been signed between FBR and AJCL, along with its lead partners Authentix Inc of USA and Mitas Corporation of South Africa, to operationalize track & trace solutions in tobacco, cement, sugar and fertilizer sectors.
FBR Member (IR-Operations) Muhammad Ashfaq Ahmed, Authentix Inc CEO & President Kevin McKenna, Mitas Corporation (Pty) representative Sten Bertelsen and AJCL Private Limited CEO Omer Jaffer signed the contract on behalf of their respective organisations.
Officials said that the track & trace solution will be rolled out across tobacco, cement, sugar and fertilizer sectors from 1st July 2021 with a view to increase tax revenue, reduce counterfeiting and preventing the smuggling of illicit goods.
Welcoming the members of the consortium, FBR Member (IR-Operations) Muhammad Ashfaq Ahmed remarked that FBR shall be working closely with AJCL Consortium during the rollout of the programme across different industries on very aggressive timelines.
Authentix Inc CEO Kevin McKenna stated that like in other countries, it is expected that the programme would help provide a transformational boost to the local economy, enhance revenue and make the tax collection process more transparent for the benefit of the industry.
AJCL CEO Omer Jaffer on the occasion said that the consortium is looking forward to working with FBR to configure and implement the various components of the solution, including the tax stamp application and production monitoring equipment and ramping up the production of the specialized tax stamps that will act as unique identification marks on the products.
It is believed that installation of the track and trace system in the specified sectors would be a game-changer and would bring more than 45million tonnes of cement, some 4 billion sticks of tobacco cigarettes, more than 4million tonnes of sugar and some 30 million tonnes of fertilizer into the tax net.
Shame on FBR for awarding this to sugar Mafia
All efforts in vain track and trace systems needed to be implemented in the officials of FBR Majority are Corrupt
Very very right
It is going to be another Broadsheet, the first step is deep cleansing of FBR, with out which nothing is possible, just wastage money
This is a wonderful step on documenting the economy and will lead to improved sustainability for our country. Glad to read that the consortium is headed by a well know and respected Pakistani group.
The systematic control shall increase the costs of items for consumers. We should trust business community which is only possible both sides are honest. If we are honest track and trace system is not bad. We want data recording at every level.
FBR is corrupt to the core.
In FBR more then 70% employee r corrupt including members , need to scrutinise honest and dishonest, where the legal tax is suppose to b chargeable 100 rupees they bargain with tax payer on 50/50 basis ,till 100% tax not collect and deposit in Treasury , country will dependent on IMF , need honest people and totally degitalizaton in FBR for honestly tax collection.
1st Corrupt set up Fired then Government give it a contractor to operate to recover the said amount for Government of Pakistan, Contractor must be supervised by the Government of Pakistan, Contract is renewable after 2years.
100% this act will be accured as another broadsheet or to open a way of corruption
Total production of cement as per APCMA is 69 Million out of which 45 Million is supposed to be taxed under this agreement, well, before that more than 50% of cement industry is not paying taxes ? Unbelievable
IF YOU FINISH FBR FOR JUST ONE YEAR AND ASK ALL THE TAX PAYERS TO PAY TAX MORE THAN, WHAT THEY WERE PAYING IN THE PAST AND TELL HIM THAT THERE NO FBR TO MONITOR THEM ,NOT ONLY THEY WILL AGREE BUT THE TAX REVENUE COLLECTION BY AT LEAST 50 % BECAUSE THERE IS NOBODY TO TAKE BRIBE FROM THEM.
I think first of all FBR needs to be audited by independent foreign company for its own cleansing.
After the Sindh court action what has happened to this contract? It is meant to start 1st July.