The Punjab provincial government is establishing a new autonomous revenue authority modeled after the Federal Board of Revenue (FBR), according to a statement by Provincial Finance Minister Mujtaba Shujaur Rehman. This authority aims to significantly increase the province’s tax collection and reduce reliance on federal transfers. The new body will have broad powers, including the ability to independently determine tax rates and enforcement strategies within the province. Minister Rehman stated the initiative is crucial for Punjab’s financial autonomy and sustainable development. The authority’s structure and operational details are currently being finalized, with a focus on improving efficiency and transparency. Officials anticipate the new system will broaden the tax base and address existing loopholes in revenue collection. The move signals a push for greater financial independence for Punjab from the national government.
