In violation of the Prime Minister’s austerity policies, the Federal Board of Revenue (FBR) has declared plans to spend over 1.6 billion rupees on 155 luxury cars in the name of assisting taxpayers with foreign loans. The Planning Ministry has received paperwork from the FBR for investment in a project finance (IPF) component of the Pakistan Revenue Enhancement Project worth 19.6 billion rupees under the WB $400 million Pakistan Revenue Mobilization Project, according to data.
Examining the documents revealed that the FBR plans to buy 155 vehicles with engine sizes ranging from 1,500 cc to 3,000 cc, on which significant taxes have been levied, and referring to them as luxury vehicles. But the records don’t specify what brand the cars are. Due to the economic climate, Shahbaz Sharif, the prime minister, has promised the adoption of an austerity programme; however, the chances of default have escalated with the announcement of the projects.
Ishaq Dar, the finance minister, had on Wednesday issued a mini-budget of 17 billion rupees, but he is more focused on acquiring Rio Narrows and using government funds for private gain. Ishaq Dar prevented FBR from using the Point of Sale Funds for personal advantage before a news story in The Express Tribune was published.
The distribution of the autos over all field formations is made clear. The high-end vehicles are anticipated to be sent to the regional tax offices in Faisalabad, Gujranwala, Islamabad, Lahore, and Karachi.
