The Federal Board of Revenue (FBR) has tightened its monitoring framework for designated non financial businesses and professions to strengthen action against money laundering and terrorist financing across Pakistan.
FBR has amended the Designated Non-Financial Businesses and Professions (DNFBP) Regulations, 2020, and reassigned supervisory jurisdictions among its officers. The changes are aimed at making oversight of DNFBPs more effective under the Anti-Money Laundering Act.
Under the revised framework, the Director General DNFBPs has been given supervisory authority across the country. Directors, additional directors, deputy directors, assistant directors and inspectors have also been assigned powers to supervise DNFBPs within their respective jurisdictions.
FBR has defined supervisory responsibilities across Islamabad, Karachi, Lahore, Quetta and Khyber Pakhtunkhwa. In Islamabad, the jurisdiction covers cases under the Large Taxpayer Office Islamabad, Regional Tax Offices in Rawalpindi and Islamabad, and Gilgit-Baltistan.
In Karachi, supervision will cover cases falling under the Large Taxpayer Office Karachi, Corporate Tax Offices and Regional Tax Offices. The Lahore jurisdiction will include cases in Sialkot, Gujranwala, Faisalabad, Sargodha, Multan, Sahiwal and Bahawalpur.
The revised arrangement assigns supervision in Quetta to cases under the Regional Tax Office Quetta, while in Khyber Pakhtunkhwa it covers cases falling under the Regional Tax Offices in Peshawar and Abbottabad.
FBR has also retained flexibility to assign responsibility for a specific charge to any officer where necessary.
The authority said the arrangement would allow it to manage DNFBP supervision and enforcement more effectively.
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