People have lost trust in tax collection system: Shabbar Zaidi

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ISLAMABAD: Newly appointed FBR Chairman Shabbar Zaidi said on Monday that people had lost trust in the tax collection system in Pakistan.

The FBR chairman was speaking to journalist Shahzeb Khanzada on his show Aaj Shahzeb Khanzada Kay Sath.

“The basic problem is that people have a trust deficit in the FBR and the tax collection system,” he said.

Shabbar Zaidi said that he had been brought in to play a role to bridge this trust deficit.

The FBR chairman said that solving Pakistan’s revenue problems was a matter of survival for the country.

When asked about the biggest challenge for next year which was the country owing Rs540 billion to the IMF, Zaidi refused to comment.

rime Minister Imran Khan appointed economist Shabbar Zaidi as the new chairman of the Federal Bureau of Revenue (FBR), on Monday.

The announcement was made by the prime minister during his talk with senior journalists. The prime minister said that a new finance minister had been appointed by the government.

“If we bring about a reformation in tax collection, I am sure that we will be able to collect Rs8 trillion in taxes,” he said.

Mr Zaidi is a former caretaker minister of Sindh and is a chartered accountant. He is known for his work in developing fiscal and taxation laws in Pakistan.

He is a trustee of Sindh Institute of Urology & Transplantation (SIUT) and member of Boards of Governors of Liaquat National Hospital, Karachi. In the past, he has also been the President of the Institute of Chartered Accountants of Pakistan and Chairman of the South Asian Federation of Accountants (SAFA).

Syed Shabbar Zaidi has also authored many books, including Panama Leaks – A Blessing in Disguise – Offshore Assets of Pakistani Citizens, A Journey for Clarity and Pakistan: Not a Failed State.