ISLAMABAD - Finance Minister Ishaq Dar on Monday directed the Federal Board of Revenue (FBR) to brief the Public Accounts Committee (PAC) on Panama Papers revelations today (Tuesday).

"The finance minister has given us direction to give briefing to the PAC on Panama leaks," said an official of the FBR after attending a meeting chaired by Ishaq Dar. He further said that FBR would share the details of its action of issuing notices to the Pakistanis involved in Panama Papers. The FBR in early September had issued notices to all those Pakistanis who were named in the Panama Papers.

The PAC would meet today to discuss the Panama Papers. Chairman FBR Nisar Khan last week refused to brief the National Assembly’s Standing Committee on Finance about the Panama Papers saying this issue was not included in the agenda of the meeting. Similarly, the chairman FBR had not attended the PAC's meeting, which was held to discuss the Panamagate issue. However, the finance minister has asked the FBR officials to attend the PAC meeting to give briefing on the Panama leaks.

The opposition parties have continuously been demanding of the government for a detailed briefing on Panama Papers for the last five months. But the government has not taken the opposition parties' request seriously.

Meanwhile, according to an official handout, the finance minister also chaired a meeting to review the revenue collection targets and the preparations for the sales tax refunds in cases where RPOs were issued up till 30th June, 2016.

Chairman FBR Nisar Mohammad Khan briefed the finance minister about the latest revenue collection figures. He briefed that in the first quarter of the FY 16-17, the revenue collection targets have been satisfactory and will pick up further after Eid holidays.

The finance minister appreciated the efforts of the FBR team and directed to redouble efforts to meet the revenue targets.

The meeting also discussed tax-related steps required to be taken by FBR under the Doing Business Reforms Strategy 2016. Dar directed that every effort should be made to improve Pakistan's ranking in Doing Business Index.

He shared with the FBR team the outcome of his recent visit to Paris for signing the OECD Convention on Mutual Administrative Assistance in Tax Matters."The French team and the world at large termed the signing of this convention a big step forward," said the minister.