ISLAMABAD: The Federal Board of Revenue (FBR) has introduced Pakistan’s first Artificial Intelligence-based Customs Clearance and Risk Management System (RMS), a move aimed at modernizing the country’s customs operations.
The new system was developed on the directives of Prime Minister Shehbaz Sharif. During a review meeting chaired by the prime minister, officials explained that the system uses artificial intelligence and bots to assess the nature and cost of goods during imports and exports. This AI-driven system is designed to continuously improve through automation, utilizing machine learning to enhance the movement and clearance of goods.
Initial testing of the system revealed a 92% improvement in performance. It also resulted in a 83% increase in Goods Declarations (GD) determined for tax collection and saw a two-and-a-half-fold rise in the clearance of goods through the green channel.
The new system aims to bring transparency, reduce human intervention, and ease the process for businesses. By enabling the immediate and accurate estimation of goods and their costs, it will save both time and effort for businesses. Furthermore, the system will reduce pressure on customs officials, enhance operational efficiency, and improve transparency.
Prime Minister Shehbaz Sharif emphasized that reforming the FBR is a top priority for the government, adding that the automation of the tax system will make it more transparent and effective. He highlighted that reducing human intervention would make the system more efficient, saving both time and money for the country. The prime minister also urged the concerned authorities to ensure the new system is integrated and sustainable.
The meeting also discussed the use of video analytics-based measures to increase tax collection in the manufacturing sector. The new system will automate tax collection in these sectors and enhance transparency, which is expected to increase government revenue while enabling taxpayers to pay taxes without human interference. The system showed 98% efficiency during its initial testing.
The meeting, attended by Finance Minister Muhammad Aurangzeb, Information Minister Attaullah Tarar, FBR Chairman, and other senior government officials, also reviewed the potential for increased tax revenue following the implementation of the system in the manufacturing sectors.
kd24j2
I loved as much as you will receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get bought an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly very often inside case you shield this hike.
Hello to all, the contents existing at this web page are genuinely remarkable for people knowledge, well, keep up the good work fellows.
Right now it sounds like WordPress is the preferred blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
I constantly emailed this blog post page to all my contacts, for the reason that if like to read it after that my friends will too.
Hi, Neat post. There’s an issue together with your site in internet explorer, could test this? IE still is the market leader and a large section of other folks will miss your great writing due to this problem.
Appreciation to my father who informed me on the topic of this web site, this website is really amazing.
Right now it sounds like WordPress is the preferred blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
I am really loving the theme/design of your weblog. Do you ever run into any browser compatibility issues? A few of my blog readers have complained about my site not working correctly in Explorer but looks great in Firefox. Do you have any advice to help fix this issue?
I’d like to thank you for the efforts you have put in writing this blog.I’m hoping to check out the same high-grade content from you later on as well. In truth, your creative writing abilities has motivated me to get my very own website now 😉
At this time it looks like Expression Engine is the preferred blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
Nice post. I learn something new and challenging on sites I stumbleupon everyday. It’s always exciting to read through content from other authors and practice a little something from other web sites.
One thing I’d prefer to say is the fact that car insurance cancelling is a feared experience and if you’re doing the proper things as being a driver you’ll not get one. Many people do are sent the notice that they’ve been officially dumped by their insurance company they have to scramble to get extra insurance following a cancellation. Low-cost auto insurance rates are generally hard to get after a cancellation. Having the main reasons pertaining to auto insurance termination can help car owners prevent losing one of the most essential privileges readily available. Thanks for the strategies shared by your blog.