FBR director-general stresses need for track and trace system
FBR DG stresses the need for T&T for Oil Marketing Companies in Pakistan. Leading companies already operating internal traceability system.
In a recent development, Imran Mahmand, the Director General of FBR’s Reforms and Automation, underscored the urgent need for an effective track and trace solution in Pakistan's oil sector. He urged that the technology must be on par with those already functioning in other industries.
The Federal Board of Revenue (FBR) and customs authorities have intensified their fight against smuggling and illicit trade. By harnessing the power of advanced technologies, they have already made significant strides. This includes shutting down more than 1,200 illegal fuel pumps as part of their crackdown. Mahmand emphasized the need for rigorous enforcement, with penalties reaching as high as Rs10 million and the confiscation of illegal products.
The Oil and Gas Regulatory Authority (OGRA) recently conducted a workshop in association with the FBR. The event brought together leading solution providers from across the country, with a focused agenda on devising effective track and trace technology.
Mahmand urged oil marketing companies (OMCs) to join hands with OGRA. He emphasized the necessity of identifying suitable technologies like RFID and automated tank gauging systems (ATGs). Additionally, he stressed the need for proposing practical timelines and cost-effective solutions for these systems' implementation at petrol pumps and tankers.
Masroor Khan, Chairman of OGRA, highlighted the decisive role a robust track and trace system could play in curbing financial leakages, enhancing accountability, and stabilizing the economy. He stated, “A comprehensive tracking system is vital, especially during these challenging economic times, to protect the national exchequer, curb illegal activities, and strengthen the industry’s integrity.”
In line with the directives, some Pakistani lubricant companies have initiated measures for product authenticity and market integrity. Companies like Caltex Pakistan and Shell have begun exploring track and trace or anti-counterfeiting features for their products. They are working closely with service providers like Authentik, Sicpa Pakistan, and Ultracoat to achieve their objectives.
In conclusion, the country is facing challenging times, and an effective track and trace system can be a game-changer for the oil sector. It will not only protect industry interests but also safeguard national priorities. As the government and industries work together, this technology is set to revolutionize the oil sector, making it more transparent, accountable, and resilient.
