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FBR revenue shortfall

The shortfall in FBR revenues is likely to reach a record level this year. The magnitude of this shortfall will be the prime determinant of the extent to which the…

Growth in FBR revenues

Tax revenues collected by FBR showed a growth rate of 14% in 2017-18 to reach the level of Rs 3842 billion. This represents a shortfall of Rs 171 billion in…

Performance audit of FBR

In recent days, the Supreme Court of Pakistan ordered the audit of Pakistan Railways and Pakistan International Airlines to find out the causes of rampant corruption and inefficiency in these…

Straggling FBR Revenues

FBR revenues showed exceptional growth in 2015-16 of 20 percent. The annual target was more than fully achieved for the first time during the tenure of the present government. It…

Restructuring of FBR – the only way forward!

Due to inherent weaknesses in the Federal Board of Revenue (FBR), successive governments have tried to expand the tax base of the country, fix excessive scope of discretion and rent-seeking…

Reforming FBR

It comes as no surprise that the Federal Board of Revenue (FBR) is in need of serious reform. However, the means of going about the said reform require pondering and…

FY19: FBR’s dismal performance — II

Wholesale and retail trade sectors together paid Rs 48.2 billion: Large retail trade (Rs 7.9 billion), small retail trade (Rs 9.7 billion) and wholesale trade (Rs 25.1 billion). * During…

FY19: FBR’s dismal performance — I

An unusual decline in revenue collection and a steep rise in current expenditures caused a deterioration in all major fiscal indicators during FY19. The overall budget deficit during the year…

Growth in FBR Revenues

The outcome in terms of the level and growth of revenues collected by FBR up to October has been made public recently. Apparently, during the first four months of the…

FBR: more sinned against than sinning?

People use choice words to describe the FBR but let's just call it dysfunctional. It is inefficient and customer unfriendly, spends more on itself than what it collects, and is…