Prime Minister Shehbaz Sharif has directed for completion of production monitoring for sales tax purposes across all manufacturing sectors by the end of the year.

He was chairing a meeting in Islamabad today to review FBR reforms.

The Prime Minister commended the FBR team that conducted a review of the manufacturing sector and estimated its potential.

He said production monitoring through cameras is being made effective.                    

He said businesses that collect tax from consumers but pocket the money deserve no concessions while such businesses in the manufacturing sector that are voluntarily installing monitoring systems are highly appreciated.          

The Prime Minister appreciated the audit report on the production monitoring system in the cement sector.

He also appreciated efforts of FBR team in compiling a comprehensive report on gap between tax potential and actual tax collection.

The meeting was briefed on the tax monitoring system for the manufacturing sector. It was informed that the system has already been fully installed in the sugar, cement, tobacco, tiles, and fertilizer sectors. Currently, the monitoring system is being installed in the textiles, packaged water, packaged juice, and packaged milk sectors, with the procurement of equipment for these sectors already completed.

It was informed that monitoring systems across all these manufacturing sectors will be fully operational by December 31 this year.