Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met with Huawei Pakistan’s Chief Executive Officer Mr. Sun Xiaofei and his senior management team at the Finance Division today. The meeting focused on Huawei’s contributions to Pakistan’s ICT industry and potential areas for future collaboration.
Mr. Xiaofei provided an overview of Huawei’s digital and ICT initiatives in Pakistan, highlighting the company’s significant contributions over the past 25 years. He emphasized Pakistan’s potential to become an IT hub and detailed Huawei’s Pakistan Global Service Centre (GSC), which provides services to partners in the Middle East, Central Asia, and Africa. The delegation proposed collaboration in tax digitalization, e-invoicing, revenue automation, and IT applications to enhance Pakistan’s digital ecosystem and promote sustainable economic growth.
Senator Aurangzeb expressed appreciation for Huawei’s proposals and acknowledged the company’s role in advancing Pakistan’s digital economy. He informed the delegation about the Federal Board of Revenue’s (FBR) progress in digitizing the tax system and emphasized the potential for quick wins through the utilization of available data. The Finance Minister welcomed Huawei’s interest in collaborating with the government to promote the digital economy in Pakistan.
The CEO of Huawei extended an invitation to the Finance Minister to visit Huawei’s headquarters in Shenzhen to participate in discussions with Huawei’s executive leaders on finance and digital economy cooperation.
Huawei’s Digital and ICT Initiatives
Huawei has been a significant player in Pakistan’s ICT industry for over two decades. During the meeting, Mr. Xiaofei elaborated on Huawei’s extensive contributions and future plans. He highlighted several key initiatives.This center provides comprehensive services to Huawei’s partners in the Middle East, Central Asia, and Africa, showcasing Pakistan’s strategic importance in Huawei’s global operations.Huawei proposed collaborating with the Pakistani government to digitalize the tax system. This includes implementing e-invoicing and revenue automation to streamline tax processes and increase efficiency.Huawei aims to introduce advanced IT applications to evolve Pakistan’s digital ecosystem. These applications are designed to enhance various sectors, including finance, healthcare, and education, contributing to sustainable economic growth.Huawei’s initiatives align with Pakistan’s vision for sustainable development. By leveraging advanced technology and digital solutions, Huawei aims to support Pakistan’s economic stability and growth. Senator Aurangzeb provided an update on the FBR’s ongoing efforts to digitize Pakistan’s tax system. The FBR has made significant strides in utilizing technology to enhance tax collection and compliance. Key achievements include.The FBR is leveraging available data to improve tax collection efficiency and accuracy. By analyzing data trends and patterns, the FBR can identify tax evasion and enhance compliance. The digitization of the tax system is a priority for the FBR. This includes implementing electronic invoicing, automating revenue processes, and introducing user-friendly online tax portals.The FBR is keen to explore potential collaborations with Huawei to further enhance the digital tax system. Huawei’s expertise in ICT and digital solutions can provide valuable support in this endeavor.
During the meeting, Mr. Xiaofei invited Senator Aurangzeb to visit Huawei’s headquarters in Shenzhen, China. This visit aims to facilitate discussions with Huawei’s executive leaders on finance and digital economy cooperation. The visit will provide an opportunity to explore innovative solutions and strengthen the partnership between Huawei and the Pakistani government.
