Pakistan In Focus - ECONOMIC TIMES OF PAKISTAN - Revenue shortfall widens to pkr 228 bn in Jul-Feb fy19.

The Federal Board of Revenue (FBR) has reported a record interim shortfall of Rs228 billion in revenue collection in first eight months (Jul-Feb) of current fiscal year 2018-19. The shortfall came despite FBR's drastic measures to enhance tax collection. The revenue authority failed to meet its tax collection target for February with shortfall in the month at Rs38 billion. The amount was nearly twice the shortfall of Rs22 billion in the same month of previous fiscal year.

According to FBR sources, the interim statistics revealed that net revenue collection for the...