Tax collection: FBR faces revenue shortfall of Rs200 billion

ISLAMABAD: The Federal Board of Revenue (FBR) is likely to miss its tax collection target by Rs200 billion, reported Express News on Wednesday.

The shortfall comes at a time when government is struggling to overcome a crippling energy crisis mainly because it does not have funds to pay for the fuel.

FBR has originally set a target of Rs2.381 trillion for fiscal year 2012-13, which ends June 30.

In face of the shortfall in revenue collection, the government had been borrowing heavily from commercial banks to meet its expenses.

Power subsidies and ailing state-run corporations have added pressure on government's finances, officials said.