FBR shares plan with IMF to address revenue shortfall
Listen to the article The Federal Board of Revenue (FBR) has shared its plan with the International Monetary Fund (IMF) to address a major revenue shortfall as the country prepares for an upcoming IMF delegation visit. According to Express News, FBR’s strategy includes expediting container clearances at ports, auctioning contraband goods and improving enforcement capacity. Tax collection from under-taxed sectors and expediting court cases are also prioritized to achieve revenue targets. For January, the FBR faces an ambitious tax target of Rs 960 billion. When adjusted for the existing shortfall of Rs 385 billion, the total collection requirement rises to
