ISLAMABAD: Pakistan’s tax shortfall widened to Rs 606 billion in the first eight months of this fiscal year, piling up pressure on authorities for violating commitments made with the International Monetary Fund, a media report said.
The fund provided a USD 7 billion loan but imposed strict conditions, including on tax collection.
The Express Tribune reported that the Federal Board of Revenue (FBR) sustained a colossal shortfall of Rs 606 billion against the July-February target of Rs 7.95 trillion because it provisionally pooled Rs 7.342 trillion during this fiscal year’s July-February period. PTI
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