FBR Budget Preparations

Islamabad: Finance Minister, Senator Mohammad Ishaq Dar here on Tuesday chaired a high level meeting to review the budget preparations by the Federal Board of Revenue.

Chairman FBR briefed the meeting that budget exercise which  had been initiated on 1st of February 2017 was now in full swing. He said that in line with the Finance Minister’s directions, extensive interaction had been carried out with stakeholders from all sectors of the economy. He said that the tax related proposals and suggestions collected from these stakeholders were being examined in detail for inclusion in the budget. He said that the work in this regard was in the final stages.

The meeting was also informed about the state of revenue collection as of May 2017 and the Chairman FBR provided a detailed account of the efforts being made to achieve the revenue target for the current year.

Finance Minister while appreciating the efforts of the FBR, emphasized that the Board's officials must focus all their energies to achieve the revenue target during the remainder of the fiscal year. He directed the FBR to ensure that the policy of a friendly and cooperative attitude towards tax payers must continue and maximum facilitation should be ensured. He also directed the FBR to ensure that such a policy is also embedded in the tax proposals for the next fiscal year i.e.2017-18.

Special Assistant to the Prime Minister on Revenue, Mr. Haroon Akhtar, Secretary Finance, Chairman FBR, Secretary Economic Affairs Division and other senior officials of the Ministry attended the meeting