ISLAMABAD The government is preparing various scenarios to lower the Federal Bureau of Revenue’s (FBR) tax collection target in the range of Rs300 billion to Rs500 billion for the current fiscal year after missing the deadline to privatize Pakistan International Airlines (PIA), according to a Thursday report in The News.
On the one hand, considering the possible modification in the macroeconomic framework, the FBR’s annual tax collection target could be lowered from Rs14.13 trillion to Rs13.7 trillion or Rs13.9 trillion.
Another plan is being considered because it would impose a flood fee to raise money for repair and restoration projects.
