The Track and Trace System (TTS) has been helpful for the Federal Board of Revenue (FBR) in minimizing tax evasion in the four major sectors of the economy, including cement, sugar, fertilizer, and tobacco.
The Federal Board of Revenue (FBR) has used the Track and Trace System (TTS) to reduce tax fraud in the four key economic sectors of tobacco, sugar, fertiliser, and cement.
In a meeting with Finance Minister Miftah Ismail, the Authentix Inc. delegation, led by Executive Vice President Tim Driscoll, emphasised this. The delegation informed the minister about the most recent TTS developments in the relevant industries.
The finance minister stressed the importance of this system for preventing tax evasion and the illicit trade of several goods while expressing satisfaction with the TTS’s development.
He gave the delegation the go-ahead to guarantee that TTS is fully implemented as soon as possible in order to increase overall income and reduce the sale of untaxed goods.
Authentix Senior Vice President Strategy and Corporate Development Sten Bertelsen, General Manager Pakistan Zafar Masood, and senior officers from Finance Division attended the meeting.
