Islamabad: Federal Board of Revenue (FBR) has collected Rs.181 billion taxes during the month of July. It still has to collect the remaining Rs.129 billion taxes in the last ten days to meet the monthly target of Rs.310 billion. FBR is confident that the set target would be achieved.
Due to a slow pace in revenue collection, FBR is faced with a possible shortfall, FBR senior officials said. Therefore, it issued an immediate circular to address the uncertain situation prevailed among officials of FBR and attached departments as a result of the transfer and appointment news.
Sources report that though amnesty scheme brought considerable revenue in the first three days of the month, FBR could collect only Rs.181 billion. It is also reported that the possible shortfall could be a result of the transfer news of the staff that may have affected officials’ performance.