The revenue watchdog Federal Board of Income failed to meet its target of Rs457 billion for January 2022, falling short by Rs27 billion, bucking the trend of collecting more revenue than the target throughout the current fiscal year.
The shortfall might be a major setback in the government’s efforts to meet its tax collection target of Rs6.1 trillion for the current fiscal year 2021-22, which was raised upward from Rs5.829 trillion to Rs6.1 trillion under the IMF programme.
