Shabbar Zaidi officially appointed as FBR Chairman on 2yr honorary basis

ISLAMABAD: The federal government on Wednesday officially announced the appointment of Shabbar Zaidi as the new chairman of the Federal Board of Revenue (FBR) in a notification issued today.

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The notification added that Zaidi has been appointed as the head of FBR on a two-year honorary basis.

Prime Minister Imran Khan on Monday announced the appointment of prominent economist and tax affairs expert Shabbar Zaidi as the new chairman of the FBR.

PM made the announcement while talking to journalists in the federal capital.

Zaidi’s appointment comes days after the dismissal of Jahanzeb Khan as the FBR head and two days after the International Monetary Fund (IMF) employee Reza Baqir’s appointment as the governor of State Bank of Pakistan (SBP).

The key changes in governing bodies happen in the midst of Pakistan’s discussions with the IMF for finalising a bailout package.

On Tuesday, before assuming charge of the tax collecting department, Zaidi said that people had lost trust in the tax collection system.

Speaking on a local Tv show,  Zaidi said Prime Minister Imran Khan had entrusted him with a major responsibility.

“People have a trust deficit with the FBR and the tax collection system. People don’t trust their credibility. We have to bridge this trust gap and my role will be to do this,’ asserted Zaidi.

The FBR chairman also stressed that the issue of fixing Pakistan’s revenues was a matter of the country’s survival.

Zaidi is a senior partner at A.F. Ferguson and Co, a leading accountancy and advisory company in Pakistan and a Price Waterhouse Coopers member firm. He has previously served as provincial finance minister in the Sindh caretaker cabinet in 2013.

Zaidi has also served as president of the Institute of Chartered Accountants of Pakistan and as chairman of the South Asian Federation of Accountants (SAFA) in the past, and has also authored several books, including Panama Leaks – A Blessing in Disguise – Offshore Assets of Pakistani Citizens, A Journey for Clarityand Pakistan: Not a Failed State.

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