In Islamabad, the Federal Board of Revenue (FBR) has met its tax goals with assistance from the Special Investment Facilitation Council (SIFC).
By the conclusion of the third quarter of the ongoing fiscal year, the FBR has gathered Rs 6.710 trillion in taxes, surpassing the target of Rs 6.707 trillion by Rs 3 billion.
This achievement suggests a likelihood of the government reaching its collection target of Rs 9.415 trillion for the current fiscal year. The set target for this fiscal year stands at Rs 9.415 trillion, marking a 30 percent increase from the previous fiscal year’s target of Rs 7.2 trillion.
To elevate the tax-to-GDP ratio to 15% and fulfill the government’s fiscal demands, it is crucial to implement the FBR restructuring plan.
The success in attaining these objectives has been facilitated by the Special Investment Facilitation Council’s endeavors. Steps are underway to address legal obstacles obstructing the implementation of the restructuring plan.
