Target missed despit­e FBR’s drasti­c measur­es to enhanc­e tax collec­tionISLAMABAD: The Federal Board of Revenue (FBR) has reported a record interim shortfall of Rs228 billion in revenue collection in first eight months (Jul-Feb) of current fiscal year 2018-19. The shortfall came despite FBR’s drastic measures to enhance tax collection. The revenue authority failed to meet its tax collection target for February with shortfall in the month at Rs38 billion. According to FBR sources, the interim statistics revealed that net revenue collection for the first eight months of the current fiscal year stood at Rs2,337 billion. Sources added that the target for tax collection was missed despite initiation of different measures to tackle the revenue shortfall.

Source: The Express Tribune March 01, 2019 03:22 UTC