The International Monetary Fund has urged the government to implement an automatic track and trace system, emphasizing the need to seal units not included in the system. Sources within the Ministry of Finance revealed that the IMF has expressed dissatisfaction with the track and trace system managed by the Federal Board of Revenue. The IMF has demanded full application of the FBR’s track and trace system across all sectors.
Specifically, the IMF has insisted on the installation of an automatic track and trace system in the manufacturing sector, with a stern directive to seal units not integrated into the system. Highlighting concerns over rampant tax evasion, the IMF pointed out the lack of effective measures in key sectors such as cigarettes, sugar, fertilizer, and cement. Notably, the FBR has struggled to implement the track and trace system outside of the fertilizer sector over the past two years.
