Prime Minister for mobilizing internal resources to ensure sustainable economic development
Islamabad, March 29, 2013 (PPI-OT): Prime Minister Justice ® Mir Hazar Khan Khoso has emphasized on the need to reduce reliance on external financial assistance and mobilize internal resources to ensure sustainable economic development in the country.
The Prime Minister made these observations while reviewing the current revenue situation during a briefing given to him by Federal Board of Revenue (FBR) at the Prime Minister’s Secretariat this afternoon.
The Prime Minister was informed that the revenue target which was set at Rs.2381 billion for the current financial year was revised to Rs.2126 billion.
The Chairman FBR informed the Prime Minister that due to narrow tax base, fall in imports and the overall situation in the country, the FBR is experiencing difficulties in attaining the tax targets set out by the government.
The Prime Minister was informed that Rs.1210 billion has so far been collected and efforts are being made to ensure that the target set out is achieved.
The Prime Minister said that the need for finances cannot be overemphasis and directed that FBR should make all out efforts to attain the revised target.
The Prime Minister observed that the revenue collected by FBR so far warrants immediate attention and necessary measure needs to be taken to meet the targets.
The Prime Minister sought proposals and recommendations to augment revenue collection for the approval of the government within the next 3 to 4 days.
The meeting was attended by the senior officials of the Prime Minister’s Secretariat, the Federal Board of Revenue and the Ministry of Finance.
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