Chairman Federal Board of Revenue (FBR) Dr Muhammad Irshad has said that concerted efforts were being made to meet the revenue collection targets set for the current fiscal year.
He said this while addressing the participants of the National Management Course (NMC) of the National School of Public Policy during their visit to the FBR House on Thursday.
Chairman FBR said that the officers and field formations of FBR were exerting themselves with full energy and vigour in the last quarter, which is always very crucial and productive in terms of meeting the revenue collection target and mobilizing the resources to drive the socio-economic agenda of the government.
He explained that as compared to last year, when FBR achieved an unprecedented revenue growth, this year, the government had decided to follow a growth-oriented approach by giving major subsidies in the oil, export and agriculture sectors which had a drastic effect on the revenue collection efforts.
“These concessions and subsidies are a conscious decision of the government and without them, we would have been comfortably able to register 17 per cent revenue growth,” he said in response to a question by a participant of the course.
Earlier, Member Inland Revenue Policy Dr Muhammad Iqbal gave a detailed presentation to the visiting officers on the ‘Strategic View, Ongoing Issues and Future Prospects of FBR’ in which he explained the functions and organizational structure of FBR with a focus on Inland Revenue Service and dilated on the major problems of taxation system and the concordant issues, challenges and the way forward.
In a separate presentation on ‘Functioning of Customs and Future Strategic Vision’, Member Customs FBR Muhammad Zahid Khokhar spoke on the historical evolution of customs law, types of laws implemented by customs, functions of customs, Pakistan customs’ revenue contribution, anti-smuggling performance, major challenges and FBR’s response to them.
