Syed Mohammad Shabbar Zaidi is a Pakistani chartered accountant who served as the 26th Chairman of Federal Board of Revenue of Pakistan from May 2019 till April 2020.[1][2]
Syed Mohammad Shabbar Zaidi | |
|---|---|
| 26th Chairman of Federal Board of Revenue | |
| In office 9 May 2019 – 6 April 2020 | |
| Personal details | |
| Nationality |  Pakistani |
| Occupation | Accountant, former government minister, economic analyst and TV commentator |
Career
editPreviously, he served as a provincial Minister in the Government of Sindh during the 2013 caretaker setup.[1] He was the territory partner of PwC Pakistan.[3]
He is a fellow member of Institute of Chartered Accountants of Pakistan and also served as president of the Institute for 2005–2006.
He had been working with A. F. Ferguson & Co., a member firm of PricewaterhouseCoopers International since 1969 and currently working as Senior Partner there. Among his non-profit work, he is a trustee of Sindh Institute of Urology & Transplantation (SIUT) and member of Boards of Governors of Liaquat National Hospital and Karachi School of Business and Leadership (KSBL).[4]
In the past, he has also been the President of the Institute of Chartered Accountants of Pakistan and Chairman of the South Asian Federation of Accountants. Syed Shabbar Zaidi has also authored several books, including Panama Leaks – A Blessing in Disguise – Offshore Assets of Pakistani Citizens, A Journey for Clarity and Pakistan: Not a Failed State.[5] In 2018, he was the board of directors of Lucky Core Industries Limited.
FBR Chairman
editOn 9 May 2019 then Prime Minister Imran Khan appointed Zaidi as a chairman of the Federal Board of Revenue.[6] As FBR chairman he introduced the Asset Declaration Scheme, whose deadline was 3 July 2019. Advisor on Finance and Revenue Abdul Hafeez Shaikh said the scheme had led to a "whitening" of Rs 3 trillion assets and Rs 70 billion in revenue from 137,000 people. The amnesty scheme was supported by Imran Khan, who "made at least five dedicated addresses to the nation urging people to take benefit of the opportunity he offered." Prior to coming into government, Khan criticised tax amnesties, saying they were used to "fool the honest people of the country and encourage corrupt elements to plunder and amass wealth, only to whitewash it later on”.[7]
He was removed from his post on 6 April 2020 and Nausheen Javed Amjad succeeded him as chairman FBR, Pakistan.
In a 2023 interview on Geo News' Aaj Shahzeb Khanzada Kay Sath program he alleged that "40 MNAs from the PTI, PPP and PML-N, led by the then foreign minister Shah Mahmood Qureshi, visited his office" and asked for him to withdraw a tax notice he issued on a landowner in Multan. Further claiming he was "advised" to stop attempts at bringing KPK's tobacco industry as "many of the tobacco barons were members of parliament belonging to the then ruling party." Zaidi also alleged that then Army Chief Qamar Javed Bajwa on call told him to lower Defence Housing Authority (DHA) real estate valuations after attempted tax increases. Former finance minister Asad Umar rejected Zaidi's claims of possible default in 2019, while Pakistan Tehreek-e-Insaaf (PTI) said "Shabar Zaidi’s contradictory and baseless claims are signs of a confused mind," on Twitter (X).[8][9]
Lately, Zaidi has been making TV appearances as an economic analyst on Dunya Kamran Khan Kay Sath TV show in Pakistan.[1]
Books
edit- Rich People, Poor Country - a book critical of a tax amnesty scheme in Pakistan.[1]
References
edit- ^ a b c d "Syed Shabbar Zaidi: Auditor-in-chief". Herald Magazine (Dawn Group of Newspapers). 17 June 2019. Retrieved 13 January 2024.
- ^ "Shabbar Zaidi officially notified as FBR chairman on 'pro bono basis'". Dawn newspaper. 9 May 2019. Retrieved 13 January 2024.
- ^ "Sindh caretaker cabinet sworn in". Dawn newspaper. 30 March 2013. Retrieved 13 January 2024.
- ^ "Karachi School of Business and Leadership | KSBL". Karachi School of Business & Leadership website.
- ^ "Industrialists dominate 18-member Sindh cabinet". The Nation newspaper. 31 March 2013. Retrieved 13 January 2024.
- ^ "Shabbar Zaidi appointed chairman FBR: PM Imran Khan". ARY NEWS. 6 May 2019. Retrieved 12 November 2024.
- ^ Kiani, Khaleeq (8 July 2019). "Did PTI amnesty scheme work?". Dawn newspaper. Retrieved 13 January 2024.
- ^ Hussain, Zahid (2 August 2023). "Why Pakistan is failing". DAWN.COM. Retrieved 12 November 2024.
- ^ Dawn.com (29 July 2023). "PTI's Asad Umar questions former FBR chairman Shabbar Zaidi's default claims". DAWN.COM. Retrieved 12 November 2024.
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