{"id":51963,"date":"2019-05-09T13:32:13","date_gmt":"2019-05-09T08:32:13","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=51963"},"modified":"2019-05-09T13:32:13","modified_gmt":"2019-05-09T08:32:13","slug":"govt-asked-to-bring-down-revenue-target","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-asked-to-bring-down-revenue-target.html","title":{"rendered":"Govt asked to bring down revenue target"},"content":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has requested the government to revise its annual tax collection target for (fiscal year) FY2018-19, a news source reported.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/fbr-proposes-pkr-5-1-trillion-revenue-collection-target.html\">FBR proposes PKR 5.1 trillion revenue collection target<\/a><\/p>\n<p>The federal institution issued this request following a tax collection shortfall of PKR 356 billion during the first 10 months of the current financial year. It has asked the government to fix the target at PKR 4,050 billion instead of PKR 4,398 billion.<\/p>\n<p>FBR officials have reportedly shared the details on tax collection and revenue shortfall with the visiting delegation of the International Monetary Fund (IMF). At present, the tax collection growth rate remains &#8211; on average &#8211; at 3%.<\/p>\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/revenue-authorities-agree-to-tax-reforms.html\">Revenue authorities agree to introduce tax reforms<\/a><\/p>\n<p>Previously, the government had projected an increase of 14.4% in revenue collection when it fixed the target at PKR 4,398 billion for FY2018-19. As per reports, if it manages to convince the Finance Division of a downward revision, the revenue board will see a reduction of PKR 348 billion in its overall target.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has requested the government to revise its annual tax collection target for (fiscal year) FY2018-19, a news source reported. Read:\u00a0FBR proposes PKR 5.1 trillion revenue collection target The federal institution issued this request following a tax collection shortfall of PKR 356 billion during the first 10 months of the current financial year. It has asked the government to fix the target at PKR 4,050 billion instead of PKR 4,398 billion. FBR officials have reportedly shared the details on tax collection and revenue shortfall with the visiting delegation of the International Monetary Fund (IMF). At present, the tax collection growth rate remains &#8211; on average &#8211; at 3%. Read: Revenue authorities agree to introduce tax reforms Previously, the government had projected an increase of 14.4% in revenue collection when it fixed the target at PKR 4,398 billion for FY2018-19. As per reports, if it manages to convince the Finance Division of a downward revision, the revenue board will see a reduction of PKR 348 billion in its overall target.<\/p>\n","protected":false},"author":67,"featured_media":25713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[11579],"persona":[],"class_list":{"0":"post-51963","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-govt-asked-to-bring-down-revenue-target"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt asked to bring down revenue target - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has requested the government to revise its annual tax collection target for (fiscal year) FY2018-19, a news\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-asked-to-bring-down-revenue-target.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt asked to bring down revenue target - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has requested the government to revise its annual tax collection target for (fiscal year) FY2018-19, a news\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-asked-to-bring-down-revenue-target.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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