ISLAMABAD: The Prime Minister has directed the Federal Board of Revenue to share additional revenue impact of new tax filers, around 700,000 being added into the tax net during the current fiscal year.
Sources said that the Prime Minister, in a recent meeting, discussed stocktake on revenue mobilization.
On the occasion, Special Assistant to PM Jehanzeb Khan informed that FBR has been able to achieve Rs5.56 trillion, out of Rs7.64 trillion target, during the first ninth months of the current fiscal year.
The tax collection target has declined to negative 9% in the month of March 2023 due to import compression and economic slowdown. Furthermore, collection of sales tax, customs duty and Federal Excise Duty dropped by 9%, 16% and 17% respectively.
Sources said that PM directed the FBR Chairman to share additional revenue impact of 700,000 new tax-filers added into the tax net during the current fiscal year 2022-23.
Meanwhile, Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Wednesday also chaired a meeting on performance of FBR at the Finance Division.
SAPM on Finance Tariq Bajwa, SAPM on Revenue Tariq Mehmood Pasha, Chairman FBR, and other senior officers from Finance Division and FBR attended the meeting.
FBR Chairman Asim Ahmad gave a detailed presentation on revenue targets and performance of FBR for the period July 2022 to March, 2023.
It was expressed that FBR will make all out efforts to meet its targets in the remaining months of financial year 2022-23.
The Finance Minister expressed satisfaction and extended his full support to FBR in performance of their duties for revenue collection.
The Finance Minister further emphasized the FBR team to enhance their efforts to achieve the true tax potential in the country.
