Govt shortlists a HSBC UK employees for CIO FBR position | Pakistan Today

Govt shortlists a HSBC UK employees for CIO FBR position

ISLAMABAD: The Federal government has shortlisted a UK-based Pakistani for the position of Chief Information Officer (CIO) in the Federal Board of Revenue (FBR), it was learnt on Monday.

Sources said that Adviser to Prime Minister on Austerity and Institutional Reforms Dr Isharat Hussain and his team, after conducting interviews of candidates for the position of FBR CIO, has shortlisted a candidate who is currently working in HSBC UK, overseeing its technology department.

As per sources, the government would hire him for three years and he would be given the task to automate FBR’s income tax and customs system.

Presently, there is a massive revenue leakage in the FBR system, especially on the customs side, and the government is seriously considering to fill this gap, sources said, adding that the green channel facility also failed to stop billions of rupees leakage.

Besides, sources said, the World Bank has also committed the government in ‘Pakistan Raises Revenue’ programme that they will give $80million out of $400million for automation in FBR.

Sources said that the shortlisted candidate has complete command over technology, but in the FBR system, a person cannot be successful until or unless he has an understanding of the board’s complex tax structure.

Former FBR chairman Shabbar Zaidi knew all the nitty-gritty of the tax system but he was not technologically apt, which was why he could not succeed in removing the bottlenecks.

Sources said the UK-based candidate might also be given the additional charge of CEO Pakistan Revenue Automation (Pvt) Ltd.

The FBR chairman did not respond to Profit’s queries in this regard.