FBR hopes to collect Rs8tr in revenue by 2023

Chairman says it will give new direction to country’s economy

ISLAMABAD:

The Federal Board of Revenue (FBR) remains optimistic that it will achieve the revenue target of Rs8 trillion by 2023, which will give a new direction to the country’s economy, said FBR Chairman Dr Ashfaq Ahmed.

Speaking to journalists on Wednesday, the FBR chairman said that Prime Minister Imran Khan had a unique vision for revenue collection and economic development of the country.

“Achieving the revenue collection target of up to Rs8 trillion is one of the top priorities of the premier,” he said.

Citing figures, Ahmed stated that the revenue target for the ongoing fiscal year 2021-22 was fixed at Rs5.83 trillion, however, it was expected to rise to Rs6 trillion by June 2022.

“We collected Rs300 billion above our target till December 31,” he cherished.

He voiced hope that in 2022, the FBR would achieve all targets and play a strong role in the country’s economic development.

Replying to a question, the FBR chief said that Pakistan Customs was the protector of economic borders of the country and it was playing its due role in the promotion of trade activities.

“Pakistan Customs is effectively working to enforce trade laws at Chaman and Torkham borders.”

He said that transparency in trade boosted the prosperity and development of the country.

Ahmed vowed to digitalise every department of the FBR.

“FBR currently has the largest data portal, which is in dire need of digitisation,” he said. “This data can prove to be vital for trade and economic development.”

He emphasised that at present, the role of FBR was important in all trade corridors including Chaman and Torkham and it would be strengthened by the China-Pakistan Economic Corridor (CPEC).

 

Published in The Express Tribune, January 27^th, 2022.

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