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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…

FBR’s revenue target

The federal budget for 2023-24 was announced recently. There was the expectation that the fiscal efforts for resource mobilization will be aggressive enough to stabilize the economy and facilitate completion…

Sinking revenues and IMF conditionalities

The International Monetary Fund (IMF) and Pakistani authorities have been unable to reach a staff-level agreement after a week-long discussions on 9th Review. Reportedly, Pakistan having broadly agreed to all…

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…

Taxation beyond revenue

The Federal Board of Revenue earlier announced having successfully exceeded its revenue collection target for the month of November -- and hence having collected surplus revenue in the first five…

Shortfall in revenues

The last financial year witnessed a record performance by the FBR (Federal Board of Revenue). Tax revenues increased by almost 30%. Consequently, the FBR tax-to-GDP ratio went up significantly from…

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…

Slow growth in FBR revenues

The figures on tax revenues collected by FBR in the first five months of 2020-21 have been released. The overall growth achieved during this period is only 4 percent. In…