FBR Needs Rs. 1.1 Trillion in 2 Weeks to Hit Revenue Goal Amid IMF Pressure

The Federal Board of Revenue (FBR) is gearing up for tough negotiations with the International Monetary Fund (IMF) during the second economic review, as concerns grow over a looming revenue shortfall, sources told ProPakistani. According to sources, the IMF has urged Pakistan to increase revenue collection to meet its fiscal commitments. The government has set a revenue target of Rs. 3.083 trillion for the July-September quarter. To achieve this, the FBR will need to collect nearly Rs. 1.1 trillion in the remaining two weeks of September. Sources revealed that meeting the quarterly target would require a 21 percent revenue growth. However, FBR’s performance during July and August showed revenue growth of only 15 percent. Officials also cautioned that the FBR may continue to face challenges due to revenue losses stemming from recent floods and reduced collection from utility bills.