FBR missed the Tax collection target by Rs 250 billion for FY 2016-17

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FBR missed the Tax collection target by Rs 250 billion for FY 2016-17

The Federal Board of Revenue FBR has missed the annual tax collection target by about Rs250 billion. However, tax authorities have refused to take the full responsibility.

Ishaq Dar called the taxmen in his office – situated in Q Block of Pak Secretariat – to review the performance for fiscal year 2016-17 that ended on Friday. 

Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan and outgoing Federal Board of Revenue (FBR) Chairman Dr Mohammad Irshad attended the meeting along with senior officials of the Ministry of Finance.

The FBR provisionally collected Rs3.352 trillion against the parliament-approved tax collection target of Rs3.621 trillion. 

The figure is still expected to improve by about Rs30 billion once final figures are available. Still, the FBR would miss its annual target by Rs250 billion.