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…
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…
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…
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…
Drugmakers to hike prices for 2021 as pandemic, political pressure put revenues at risk
Drugmakers including Pfizer Inc, Sanofi SA, and GlaxoSmithKline Plc plan to raise U.S. prices on more than 300 drugs in the United States on Jan. 1, according to drugmakers and…
Growth in federal tax revenues
Federal tax revenues consist primarily of FBR revenues. In addition, they include other taxes like the gas infrastructure development cess, natural gas development surcharge and the petroleum levy. The share…
Buoyancy of FBR revenues
The good news is that FBR has achieved extraordinary growth in tax revenues of 41 percent in the first two months of the current financial year. Income tax revenues are…
Domestic revenues
Domestic Resource Mobilisation (DRM) is the cornerstone of taming debt growth, providing governments with adequate funds for development and delivering public services. Weak administrative capacity, low tax morale and compliance,…
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…
Growth in tax revenues
Tax revenues have shown buoyancy in the first half of 2017-18. The overall growth rate in these revenues of the federal and provincial governments combined is 16 percent. During the…
