Islamabad: Due to the revenue shortfall faced by the Federal Board of Revenue (FBR) during the first four months of the current financial year, the International Monetary Fund (IMF) has demanded to take measures for additional revenue.
While the IMF also rejected the request of FBR to revise the tax targets and reduce them. In this regard, FBR sources say that the IMF has requested more revenue to meet the shortfall in the tax targets. Actions are called for.
Sources say that during the virtual talks with the IMF, a request was made to review the tax targets of the FBR, which has not been accepted by the IMF.
Sources say that due to tax shortfall, difficulties may be faced in the second installment and steps can be taken for additional revenue by estimating the shortfall of the coming months.
Furthermore, the Federal Board of Revenue has clarified the news regarding IMF’s rejection of target revision request that the IMF has rejected the FBR’s request for target revision. There is no truth in the news.
