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Targets in the PML-N manifesto

The manifesto of the Pakistan Muslim League-Nawaz (PML-N) contains a set of key macroeconomic targets from 2023-24 to 2028-29. This is the five-year duration of any newly elected government after…

Growth in federal tax revenues

The Federal Board of Revenue (FBR) has released recently the Revenue Division Year Book for 2022-23. This is a very useful publication and highlights the trends in the level and…

IMF programme targets

A typical IMF (International Monetary Fund) programme, including a Stand-by Facility, has a set of quantitative performance criteria, indicative targets and structural conditionalities. These represent targets in different key areas…

Tax targets versus tax gap—I

“…the FBR’s revenue target has been increased to Rs 9,415 billion, requiring a 31% increase over collection of Rs 7,180 billion in the recently concluded financial year… The task seems…

FBR, IMF & revenue targets

The federal budget for fiscal year (FY) 2022-23 assigned an ambitious target of Rs. 7.470trillion to the Federal Board of Revenue (FBR), which includes both direct and indirect taxes. The…

Growth in FBR revenue

The revenue collection target set for FBR in 2022-23 is Rs 7,470 billion, equivalent to 8.9% of the projected GDP, following an agreement with the IMF (International Monetary Fund). The…

IMF programme: projections, targets

The IMF Staff Review Report on the sixth review of the on-going IMF program was released on the 4th of February following its successful completion and the approval of $1…