FBR likely to miss revised tax collection target of Rs3,908bn for FY20

0
339

ISLAMABAD: The Federal Board of Revenue (FBR) is likely to miss the revised tax collection target of Rs3,908 billion for the current fiscal year. 

According to sources, the high ups of the board have directed the field officers to enhance efforts to achieve the Rs415.5 billion tax collection target for the current month and to keep all field offices open on Saturdays until the end of the month.

The FBR has collected Rs3,518 billion in the first 11 months of the current fiscal year and is expected to face a shortfall of Rs10-20 billion against the revised target of Rs3,908 billion.

Meanwhile, sources alleged that political lobbying is underway to remove FBR Chairperson Nausheen Javed Amjad from her position despite the fact that tax officials could not meet the target due to Covid-19. 

Sources further alleged that the lobby is close to the adviser to the prime minister on finance and revenue affairs but lacks support of the incumbent finance secretary.

According to sources, the lobby had proposed names of Haroon Akhtar, Tariq Pasha and Mujtaba Memon to head the FBR when Shabbar Zaidi had taken an indefinite leave from his position as the chairman of the board.

Sources claim that the name of Tariq Pasha has been proposed again by the lobby as a replacement for the current FBR chairperson. 

Sources further alleged that senior income tax officers have been sidelined during Nausheen Javed’s tenure and that such officers can help the board achieve its tax collection target.   

 

  

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here