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Government to appoint new FBR chairman

FBR: achievements & challenges - Daily Times

Daily Times April 5, 2021 The Federal Board of Revenue (FBR), in a Press release issued on March 31, 2021, stated collection of net revenue of Rs.3394 billion, exceeding by “more than Rs.100 billion”the target of Rs.3287 billion for the first nine months. The International Monetary Fund (IMF) before releasing the tranche of US$ 500 agreed tolower FBR’s collection target from Rs. 4963 billion toRs. 4717 billion for the current fiscal year (FY). FBR needs to collect Rs. 1323 billion in the remaining three months (Rs. 441 billion per month),which is achievable as in March 2021 collection was 475 billion. The last quarter is always better than earlier ones in FBR’s history of collection. The performance of FBR isadmirable, especially when the economic growth is extremely slow in the wake of partial lockdown in many parts of the country after third deadly wave of Covid-19 endemic.

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