Dar directs FBR to redouble efforts for meeting revenue targets

ISLAMABAD, Sept 19 (APP): Federal Minister for Finance Senator Mohammad Ishaq Dar Monday, while appreciating the efforts of the Federal Board of Revenue (FBR), called for redoubling the efforts to meet the revenue targets for the fiscal year 2016-17

The minister was chairing a meeting here to review the revenue collection targets and the preparations for sales tax refunds in cases where Refund Payment Orders (RPOs) have been issued up till June 30, 2016.

He directed that every effort should be made to improve Pakistan’s ranking in Doing Business Index.

Dar shared with the FBR officials the outcome of his recent visit to Paris for signing the Organization for Economic Co-operation and Development (OECD) Convention on Mutual Administrative Assistance in Tax Matters.

“The French team and the world at large termed the signing of this convention a big step forward,” he said.

On the occasion, FBR Chairman Nisar Mohammad Khan briefed the Finance Minister about the latest revenue collection figures.

He said in the first quarter of the FY 2016-17, the revenue collection targets had been satisfactory and would pick up further after Eid holidays.

The meeting also discussed the tax related steps required to be taken by the FBR under the Doing Business Reforms Strategy 2016.

The meeting was also attended by senior officials of the Ministry of Finance.