BAFL 48.29 Increased By ▲ 1.79 (3.85%)
BIPL 21.65 Increased By ▲ 0.50 (2.36%)
BOP 5.63 Increased By ▲ 0.10 (1.81%)
CNERGY 5.14 Increased By ▲ 0.24 (4.9%)
DFML 19.55 Increased By ▲ 0.73 (3.88%)
DGKC 82.00 Increased By ▲ 2.00 (2.5%)
FABL 31.85 Increased By ▲ 1.00 (3.24%)
FCCL 20.71 Increased By ▲ 0.32 (1.57%)
FFL 9.84 Increased By ▲ 0.28 (2.93%)
GGL 13.99 Increased By ▲ 0.02 (0.14%)
HBL 122.00 Increased By ▲ 4.05 (3.43%)
HUBC 124.73 Increased By ▲ 0.93 (0.75%)
HUMNL 8.35 Increased By ▲ 0.40 (5.03%)
KEL 3.80 Increased By ▲ 0.29 (8.26%)
LOTCHEM 28.64 Increased By ▲ 0.09 (0.32%)
MLCF 42.66 Increased By ▲ 0.56 (1.33%)
OGDC 122.90 Increased By ▲ 1.89 (1.56%)
PAEL 19.65 Increased By ▲ 0.81 (4.3%)
PIBTL 5.82 Increased By ▲ 0.12 (2.11%)
PIOC 118.59 Increased By ▲ 4.88 (4.29%)
PPL 111.10 Increased By ▲ 2.75 (2.54%)
PRL 29.58 Increased By ▲ 1.76 (6.33%)
SILK 1.09 Increased By ▲ 0.02 (1.87%)
SNGP 70.45 Increased By ▲ 1.05 (1.51%)
SSGC 13.88 Increased By ▲ 0.63 (4.75%)
TELE 9.10 Increased By ▲ 0.31 (3.53%)
TPLP 14.34 Increased By ▲ 0.69 (5.05%)
TRG 95.40 Increased By ▲ 3.46 (3.76%)
UNITY 27.72 Increased By ▲ 1.06 (3.98%)
WTL 1.63 Increased By ▲ 0.06 (3.82%)
BR100 6,667 Increased By 123.2 (1.88%)
BR30 23,784 Increased By 574.1 (2.47%)
KSE100 64,845 Increased By 927.2 (1.45%)
KSE30 21,645 Increased By 293.4 (1.37%)
Business & Finance

Dar urges FBR to boost tax revenue collection efforts

  • Finance minister chaired meeting on FBR's revenue performance at Finance Division
Published April 25, 2023

Federal Minister for Finance and Revenue Ishaq Dar has urged the Federal Board of Revenue (FBR) to enhance its tax collecting efforts so the country can achieve its true tax potential.

The development comes as Dar chaired a meeting on the FBR’s revenue performance at the Finance Division on Tuesday.

As per a statement released by the Ministry of Finance, FBR Chairman Asim Ahmad gave a detailed presentation on the revenue targets and performance for the period July 2022 to March,2023.

“It was expressed that FBR will make all out efforts to meet its targets in remaining months of the financial year,” read the statement.

Dar expressed satisfaction with the FBR and extended his full support to help it perform its revenue collection duties while maintaining that the FBR team needs to enhance efforts to unlock the country’s true tax potential.

SAPM on Finance Tariq Bajwa, SAPM on Revenue Tariq Mehmood Pasha, Chairman FBR, and other senior officers from the Finance Division and FBR attended the meeting.

Pakistan, which remains engulfed in various economic challenges, faces a low tax-to-GDP ratio. As per data provided by the country’s Ministry of Finance, Pakistan’s tax-to-GDP ratio dropped by 0.4% in the first half (July-December) of the current fiscal year to 4.4% from 4.8% of the same period last year.

Earlier, it was learnt that the federal tax collecting authority suffered a massive shortfall of Rs304 billion during July-March (2022-23).

It was learnt that Rs5,156 billion has provisionally been collected in the first nine months of the current fiscal year against the assigned target of Rs5,460 billion for July-March (2022-23), reflecting a huge shortfall of Rs304 billion.

Earlier, Dar had said that Saudi Arabia and the UAE have assured the International Monetary (IMF) they will help Pakistan.

The minister said Saudi Arabia had conveyed to the IMF $2 billion financing to Pakistan while the UAE had confirmed support of $1 billion. The Pakistani government had met all the conditionalities of the IMF for the revival of the loan agreement, he added.

He also said that all preconditions for a Staff Level Agreement (SLA) between Pakistan and the IMF have now been implemented.


Comments are closed.

abdul basit Apr 25, 2023 02:44pm
Then why did they give a holiday today Don't understand the government they don't want to work wasting money and time and fbr Please make sure ishaq dar pays any overtime to the fbr and any other departments that were open
thumb_up Recommended (0)
Mian Nawaz Sharif-Shit Apr 25, 2023 03:04pm
Yes yes go ahead and tax the poor. Well done. Let them die. They are not human. Now how about taxing the untaxed traders and shopkeepers, who are raking in millions and millions? No no no !!! we cannot tax them. They are our vote bank. Shame on you Dar and this collection of servile, mega corrupt, that goes by the name of FBR.
thumb_up Recommended (0)
Aisha Apr 25, 2023 06:54pm
Keep on squeezing the middle/lower middle class to mint taxes. The upper class, politician, army officials, judges and businessmen/traders never get taxed to their true potential. They own land worth billions and yet no taxes on them. The salaried class have come to a level where they find it hard to manage the basic necessities. Stop squashing and exploiting us.
thumb_up Recommended (0)
Tulukan Mairandi Apr 25, 2023 07:42pm
Meanwhile whistleblowers are exposed by FBR
thumb_up Recommended (0)
Zahra Apr 25, 2023 08:15pm
So that you guys can steal the money
thumb_up Recommended (0)

Dar urges FBR to boost tax revenue collection efforts

Intra-day update: rupee strengthens against US dollar

Intra-day update: KSE-100 crosses 64,700 after over 800-point gain

‘Illegal’ LCs, forex market speculation: MoF set to share list of banks with SIFC today

Illegal foreigners seriously affecting Pakistan’s security, economy: COAS

Soaring pollution in Pakistan’s Lahore fills wards with sick children

Oil rebounds from six-month-low, demand concerns still cloud

Loss-making Discos: FD opposes PD’s proposal

Power sector: Nepra backs transition from Libor to ‘SOFR’

FWBL sell-off: Minister briefed about status of accounts

Digitising budget process: Shamshad chairs IMF mission meeting