The Federal Board of Revenue (FBR) has been issued a fresh challenge by Finance Minister Ishaq Dar to collect Rs 10 trillion in the fiscal year 2023–24 (FY24), as opposed to the year’s allotted revenue collection target of Rs 9.4 trillion.
On his Wednesday visit to FBR (HQs), the minister congratulated Malik Amjad Zubair Tiwana on his appointment as Chairman and expressed confidence that he would work hard to meet the revenue goal for FY24.
The FBR team was commended by the finance minister for exceeding its July 2023 income target of Rs 539 billion. The FBR staff was further urged by him to work hard and help taxpayers as much as possible.
“I don’t want to terrify the newly appointed FBR Chairman, but the FBR should aim to exceed its Rs 9,400 billion target for 2023–24 by Rs 10,000 billion. The FBR should accomplish the five-digit objective under the direction of the incoming FBR Chairman and develop a plan to do so.”
The FBR staff is well capable of achieving the set goal while also aiming for Rs 10,000 billion, according to Dar.
The finance minister noted that the FBR can reach the target of Rs 10,000 billion with the aid of enforcement measures, plugging leaks, and expanding the tax base.
