Asim Ahmad, Chairman of the Government Board of Revenue (FBR), stated on Wednesday that the IT industry should anticipate positive news in the 2019 federal budget, which will be announced on Friday.
He was addressing the Special Technology Zones Authority’s (STZA) contract signing for the planning and application of the One Window Portal System.
He claimed that as the government’s apex tax collection organization, the FBR plays a critical role in fostering a business-friendly atmosphere.
Mr. Ahmed said, “The STZA One Window Portal will facilitate local and foreign investors. It will also be integrated on a real-time basis with FBR and Customs systems.”
The FBR chairman went on to say that the tax collection agency was dedicated to giving all necessary assistance to STZA in this area, that a working group had been formed, and that work with PRAL and PSW was already underway.
The STZA was established as an independent agency under the Cabinet Division to provide legislative and institutional support for Pakistan’s technology sector development.
STZA has a unique and futuristic mandate to establish special technology zones (STZs) across the country for diverse technologies, including IT.
The One Window Portal will be a digital system that will make it easier for STZA-licensed businesses in Special Technology Zones (STZs), Systems Limited, and the STZA to transact business.
The facility would allow businesses to be digitally onboarded and connect them with government and regulatory bodies.
The provision is supposed to aid in the promotion of transparency, the convenience of doing business, and the facilitation of Foreign Direct Investment (FDI) in Pakistan.
The STZA’s overall objective of building a scientific and technological ecosystem through the construction of zones to boost technology development in the country includes the One-Window Portal.
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