ISLAMABAD: Finance Minister Ishaq Dar on Wednesday appointed Dr Muhammad Irshad as new chairman of the Federal Board of Revenue (FBR).

The position became vacant after incumbent chairman Nisar Khan reached the retirement age.

A statement by the Ministry of Finance said Dr Irshad, a BS-22 officer of the Inland Revenue Services (IRS), will look after the work of the FBR chairman in addition to his own duties as member operation IRS. This will ensure smooth functioning of the FBR in the interim, said the statement.

Last year, the Inland Revenue surpassed its target, a source said. While recognising his last year’s performance, the finance minister has given the additional charge of the FBR chairman to Dr Irshad.

The outgoing FBR chairman had forwarded the names of three officers to the finance minister for the top slot. These officials were Member Policy Rehmatullah Wazir, Director General Investigation and Intelligence Khwaja Tanveer and Pakistan Bureau of Statistics Secretary Tariq Pasha.