FBR‘s Sugar Track & Trace System was launched, whose purpose is to keep a clear view of the stock of sugar in Pakistan. The Prime Minister said, while launching the project, there is a need to increase tax collection to build up financial capacity, to deal with the debt burden, and to allow the government to freely investment in various sectors such as agriculture, industry and people welfare.
He continued that half of the total tax collection is used for debt servicing. Efforts had been made from 2008 to introduce this system and now in 2021 finally, it is being implemented. This will help the country get to the Rs. 8 trillion tax objective in due course.
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