FBR meets its tax targets thanks to SIFC’s collaboration

The Federal Board of Revenue (FBR), in collaboration with the Special Investment Facilitation Council (SIFC), has succeeded in meeting its tax targets, reported 24NewsHD TV channel on Sunday.

The FBR collected Rs6.710 trillion under the head of tax at the end of the third quarter of the current financial year (FY), which are Rs3 billion more than its target of Rs6.707 trillion, by virtue of which the government is expected to achieve the target of Rs9.415 trillion it had set for this FY.

The target set for this financial year is Rs2.219 trillion or 30 per cent more than last year’s Rs7.2 trillion.  

There is a need to restructure the Board to meet the financial requirements of the government.

And there is also a need to resolve all those legal issues which are a stumbling block in the way of its restructuring.

The FBR succeeded in achieving these targets courtesy the efforts made by the SIFC.