Govt appoints Amjad Zubair Tiwana as new Chairman FBR

ISLAMABAD: The federal government has appointed Member Inland Revenue Operations Malik Amjad Zubair Tiwana as new Chairman Federal Board of Revenue.

Sources said that the Federal Cabinet on Monday approved Tiwana appointment as head of Premier Tax office of Pakistan by circulating the summary.

Finance Ministry had recommended Member admin FBR Nadeem Rizvi and Secretary Power Arshad Mahmood Langrial names for chairman FBR Slot, sources added.

Sources said that Finance minister Ishaq Dar has kept the tradition to post his loyal officer, this time, Malik Amjad Zubair Tiwana as head of FBR.

By appointing a junior IRS officer Amjad Zubair Tiwana as chairman FBR, there are chances that more than twenty IRS as well as Customs officers opt to work on some another department during his incumbency.

Tiwana used to work as Staff Officer to Finance minister’ another close aide Tariq Pasha when the latter was chairman FBR.

The outgoing government has posted him as Member IR operations FBR slot in last year August.

Sources said that Malik Zubair Tiwana as member Operations could not dispose off files on daily basis besides he also reportedly put on hold Point of Sale lucky draw file for last seven months due to which FBR could not be able to conduct POS prize draw.

It is pertinent to note that the FBR in January this year had announced that it will start the POS lucky draw in March. This scheme was introduced by PTI government to bring retailers into tax net.

Sources mentioned that the first major assignment of newly appointed Chairman FBR is to present IRS and Pakistan Customs officers promotional cases before the Central Selection Board meeting which will start on Tuesday (today).

IRS as well as Customs officers promotional cases will likely to be considered in CSB on August 2, 2023, sources added.

Former Chairman FBR Asim Ahmed retired from the position last Thursday and the government did not notify the new chairman FBR so far.

FBR tax collection

According to FBR, amid all the economic challenges faced by the country, FBR has successfully surpassed the revenue target for the month of July-2023 and has even shown a robust 16.6% growth as compared to the corresponding month of last year.

As against the set target of Rs 534 Billion, net revenue of Rs 538 Billion has been collected, despite issuance of refunds amounting to Rs. 49 Billion.

Direct taxes continue to show a remarkable growth of 30% during the current month. Inland Revenue Taxes has shown a healthy growth of 18% as compared to last July and FBR team is optimistic with regards to sustaining this growth pattern for rest of the year.

FBR has exhibited a promising start for financial year 2023-24 regarding the revenue collection, by putting in an outstanding effort to achieve the monthly tax target despite all the economic headwinds faced by the country. The performance of FBR amidst the current financial and economic turmoil, portrays the unwavering dedication of the tax officials to achieve the assigned target for the current year.