Peshawar, Pakistan – Khyber Pakhtunkhwa’s Finance Advisor Muzammil Aslam has expressed doubts about the Federal Board of Revenue’s (FBR) ability to achieve its ambitious tax collection target of Rs11.2 trillion.
Aslam questioned whether the government would need to introduce a mini-budget to meet this target. He suggested that the only option for generating additional revenue could be to increase the sales tax on petrol and diesel to 18%.
The Finance Advisor also revealed that the International Monetary Fund (IMF) has urged the Punjab government to reconsider the recent electricity tariff subsidy of Rs14. ARY News
The FBR’s ambitious tax target presents significant challenges, and the government may need to explore additional measures to achieve it.
