RECORDER REPORT

ISLAMABAD: Shahid Hussain Asad (IRS/BS-22), Senior Member Inland Revenue Policy Federal Board of Revenue (HQ), Islamabad has been assigned the look-after charge of the post of Chairman, FBR during the leave period of Tariq Bajwa, Secretary, Revenue Division/Chairman, FBR from July 18, 2014 to August 14, 2014.

According to an office order issued by the FBR here on Monday, Minister for Finance Ishaq Dar has given approval to the decision to allow Shahid Hussain Asad to look-after charge of the post of Chairman FBR.

Asad, a BS-22 officer of Inland Revenue Service is actively working as FBR Senior Member IR Policy. He was key member of the team, which proposed policy measures introduced through Finance Act 2014.

Shahid has also worked as FBR Member Inland Revenue Operations, Director General Intelligence and Investigation Inland Revenue FBR and at key positions in the field formations of the Board. As head of the intelligence agency of the FBR, he introduced the concept of ‘Red Alerts’ preventing fraudulent sales tax refunds to the tune of billions on monthly basis.

Similarly, he also started first-ever exercise of documentation of potential persons across the county. Major policy reforms were initiated during his tenure which were appreciated by business and trade circles. He also worked as Additional Secretary Ministry of Production in the past.