In a significant move to modernize financial transactions in Azad Jammu & Kashmir (AJK), the federal government has integrated the region’s businesses into Pakistan’s Digital Taxation Network through the launch of a Point of Sale (POS) system. This initiative, introduced in partnership between Pakistan Revenue Automation (PRAL) and the Central Board of Revenue (CBR) of Azad Kashmir, aims to enhance transparency in tax collection, curb tax evasion, and digitize economic transactions across the region.
Officials report that the POS system was successfully rolled out in Mirpur at well-known outlets, including prominent brands such as Khadi and KFC, marking the first step toward the broader implementation of the system throughout AJK. The new system is designed to ensure that all economic transactions are digitally documented, minimizing human error and preventing potential revenue leakages.
The launch event was attended by senior government officials, representatives from PRAL, and leaders from the business community. Notable attendees included Senior Colonel (Retired) Waqaar Noor, Minister for Development Azhar Sadiq, Minister for Law Mian Waheed, and representatives from the Chamber of Commerce. Additionally, PRAL’s General Manager SD Abid Naeem and Head of Commercials Farheen Azhar were present at the inauguration.
During his address, one of the speakers emphasized that the implementation of the POS system is not merely a technological upgrade but a revolutionary step toward ensuring economic transparency and stability. He noted that the digital registration of all transactions will help eliminate errors and reduce revenue leakages, thereby strengthening the region’s financial system.
The government’s vision for promoting a digital economy extends beyond this initial launch. Plans are already underway to expand the system nationwide, thereby broadening the tax base and further enhancing the efficiency and transparency of financial operations in Azad Kashmir. Following the inauguration, stakeholders engaged in discussions on future projects aimed at accelerating the region’s digital integration, ensuring that the business community can benefit from modern financial documentation and streamlined commercial activities.
This strategic initiative is expected to play a crucial role in modernizing AJK’s economic landscape, reinforcing the government’s commitment to a transparent and efficient digital economy.
