{"id":66149,"date":"2025-02-21T17:18:07","date_gmt":"2025-02-21T12:18:07","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=66149"},"modified":"2025-02-21T17:18:07","modified_gmt":"2025-02-21T12:18:07","slug":"pakistan-to-implement-artificial-intelligence-for-tax-collection","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/pakistan-to-implement-artificial-intelligence-for-tax-collection\/","title":{"rendered":"Pakistan to implement artificial intelligence for tax collection"},"content":{"rendered":"<p>ISLAMABAD: Finance Minister <a href=\"https:\/\/dailyausaf.com\/en\/latest-news\/muhammad-aurangzeb-gets-pakistani-citizenship-after-cabinet-approval\/\">Muhammad Aurangzeb<\/a> on Thursday announced that\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/education\/islamabad-to-start-artificial-intelligence-classes-in-primary-schools\/\">artificial intelligence<\/a>\u00a0(AI) will be used to increase tax collection, highlighting concerns over Pakistan\u2019s unequal tax burden.<\/p>\n<p>Addressing the \u201cRetail Reimagined: Innovate, Collaborate and Thrive\u201d conference organized by the Pakistan Retail Business Council (PRBC), he pointed out that despite contributing 19 percent to the GDP, the retail sector pays only 1 percent tax. He stressed that manufacturing, services and salaried workers bear an unsustainable tax burden and called for including agriculture, real estate, retail and wholesale sectors in the tax net.<\/p>\n<p>He acknowledged the efforts of provincial governments to levy agricultural taxes and stressed the need for businesses to formalize and pay their fair share. \u201cFor the national interest, we cannot allow any more free riders,\u201d he said, stressing the importance of documentation.<\/p>\n<p>Later, addressing the media, he confirmed the role of AI in improving tax collection. He noted that Rs9.4 trillion in cash is outside the formal economy and stressed the government\u2019s commitment to integrate it over time.<br \/>\nAurangzeb highlighted the economic improvements, citing currency stability, increasing foreign exchange reserves, declining inflation and a reduction in the GDP from 23% to 11%. These factors have attracted renewed interest from foreign investors in Pakistan\u2019s economic potential.<\/p>\n<p>Pakistan is also working with international rating agencies to upgrade its credit rating to the \u201csingle B\u201d category, which will boost investor confidence and restore access to global financial markets.<\/p>\n<p>He added that the government is prioritizing sustainable, inclusive growth over short-term economic cycles. Structural reforms are underway in taxation, energy, state-owned enterprises (SOEs), and public finance, with a focus on digitalization to improve transparency and reduce corruption. Import clearance times have been reduced from 118 hours to 18-19 hours even before the introduction of faceless customs, eliminating the need for bribes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Finance Minister Muhammad Aurangzeb on Thursday announced that\u00a0artificial intelligence\u00a0(AI) will be used to increase tax collection, highlighting concerns over Pakistan\u2019s unequal tax burden. Addressing the \u201cRetail Reimagined: Innovate, Collaborate and Thrive\u201d conference organized by the Pakistan Retail Business Council (PRBC), he pointed out that despite contributing 19 percent to the GDP, the retail sector [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":40935,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[8600,2334,22614,12102],"class_list":["post-66149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ai","tag-tax-collection","tag-artificial-intelligence-ai","tag-muhammad-aurangzeb"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/66149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=66149"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/66149\/revisions"}],"predecessor-version":[{"id":66151,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/66149\/revisions\/66151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/40935"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=66149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=66149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=66149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}