FBR struggles to net PKR 1.4Tn in May-June

FBR is facing a daunting challenge to net around PKR 1.4Tn in last two months of FY19 to attain annual revenue target, as the govt. relaxed recovery from defaulters, but new tax amnesty is likely to underpin the collection efforts. The FBR chairman has directed the field offices that there would no raids on business premises without his prior approval. Most tax officers believe that revenue collection in such circumstances would not even reach the numbers achieved during last two months of FY18; FBR managed to collect PKR 919Bn during the period.

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