FBR Chairman Malik Amjed Zubair Tiwana has connected the revenue deficit experienced by the FBR with the recent significant transfers and appointments.
Addressing media representatives in Islamabad on Monday, Tiawana stated that the FBR is striving to achieve the revenue goal for the ongoing month. He highlighted that the FBR has disbursed greater refunds in the current fiscal year than in the previous fiscal year.
He clarified that there are currently no plans to introduce new taxes to address the revenue deficit.
It’s worth noting that during April 2024, the FBR faced a revenue deficit of Rs. 53 billion. That month, the FBR collected Rs. 654 billion, falling short of the target of Rs. 707 billion. From July to April (2023-24), the FBR gathered Rs. 7,366 billion compared to the revenue collection target of Rs. 7,414 billion, indicating a shortfall of Rs. 48 billion.
Last week, representatives from Pakistan Customs Service (PCS) associations and the interim committee of the Inland Revenue Service (IRS) met with the FBR chairman. They expressed concerns about the lack of transparency and the arbitrary approach in the recent profiling and placement of senior officers from both services on the Admin Pool of FBR.
