IMF rebuffs FBR’s appeal for downward adjustment of annual collection target

MG News | November 19, 2019 at 11:30 AM GMT+05:00

0:00

November 19, 2019: The International Monetary Fund (IMF) has rebuffed the Federal Board of Revenue’s (FBR) appeal to bring down the annual collection target to an achievable level.

While addressing media persons on Tuesday, Chairman of FBR, Shabbar Zaidi said that an appeal was made earlier to allow for bringing down the revenue target by approximately Rs. 300 billion, after taking into consideration the continuous widening of shortfall in the collection.

While the demand for any downward adjustment had been completely rejected by IMF, efforts were still afoot to convince them to adjust the target at a practical level, he said.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,090.00	118,295.00 116,115.00	2265.00 1.96%
BRENT CRUDE	67.47	68.42 67.34	-0.48 -0.71%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.29	64.20 63.11	-0.41 -0.64%
SUGAR #11 WORLD	15.97	16.27 15.89	-0.30 -1.84%