Senate Committee on Delegated Legislation in its meeting discussed the Federal Board of Revenue Act, 2017 with particular reference to Section 6 of the Act regarding creation of Policy Board. The meeting was held under the chairmanship of Senator Kauda Babar here at the Parliament House on Friday and was attended among others by Senators Mian Ateeq Shaikh, Dr. Asad Ashraf, Kalsoom Parveen, Rubina Khalid.
The officials from FBR briefed the Committee about policy board, its values, missions, policies and guidelines. The Committee stressed upon the need of holding meetings of the policy board more frequently as the act also provides a time frame of 3 months in which one meeting shall be held. The Committee Chairman Kauda Babar who was nominated a member of the board had earlier resigned from the board because no meetings were held despite repeated requisitions and reminders. The Committee members endorsed that these times call for more frequent meetings of the board especially in the wake of effects of COVID-19 on the economy and the budget.
The Committee also recommended that rules of the policy board be drafted at the earliest and be brought back to the Committee for review.