The FBR has provisionally collected Rs 1,915 billion during July-February (2016-17) against target of Rs 2,076 billion, reflecting a shortfall of Rs 161 billion. Thus, the FBR has to collect Rs 1,706 billion in the remaining period of March-June 2016-17 to meet the annual target for Rs 3,621 billion by the end of current fiscal year. When contacted, a senior FFBR official said that at this stage there is no planning to downward revise the assigned target Rs 3,621 billion for 2016-17.
Reportedly, the FBR had provisionally collected Rs 227 billion in February 2017 against monthly target of Rs 250.6 billion, reflecting a shortfall of Rs 23.6 billion. The FBR has provisionally collected Rs 227 billion in February 2017 against Rs 192 billion in same period last fiscal, reflecting a growth of 18 per cent. Data further revealed that the FBR provisionally collected Rs 1,915 billion during July-February (2016-17) against target of Rs 2,076 billion, reflecting a shortfall of Rs 161 billion. The Board has provisionally collected Rs 1,915 billion during July-February (2016-17) against Rs 1,773 billion, reflecting a growth of 8 percent.
Copyright Business Recorder, 2017