This huge shortfall in just one month carries serious risks of mounting pressure on IMF to unveil mini-budget in the coming months
Islamabad: The Federal Board of Revenue (FBR) is facing a revenue shortfall of over Rs116 billion to achieve the monthly tax collection target for August 2024.
This huge shortfall in just one month carries serious risks of mounting pressure on the International Monetary Fund (IMF) to introduce additional fiscal measures through the unveiling of a mini-budget in the coming months.
The overall fiscal framework, including reducing expenditure, particularly in the form of the Public Sector Development Program (PSDP), and taking additional measures of development expenditure and taxation, could be included on the IMF's main agenda, along with meeting external financing needs.
As against the fixed target of Rs898 billion for August 2024, FBR's provisional collection till Friday evening stood at Rs782 billion.
First time transgender individuals recruited as prison wardens in KP
- 4 hours ago
22 terrorists neutralised in KP's Khyber district: ISPR
- 5 hours ago
Apple Sports now lets you follow scores in a CarPlay widget
- 6 hours ago
Warming El Nino set to return in mid-2026: UN
- 3 hours ago
Iranian delegation likely to reach Islamabad later tonight, Pakistani sources say
- 2 hours ago
Democrats are winning the redistricting war — for now, anyway
- 13 hours ago
Ikea and Samsung promise glitch-free SmartThings integration
- 6 hours ago
Pakistan's solar industry shifts to heat-proof panels
- 7 minutes ago
Pakistan urges UNSC to act on Indus Waters Treaty
- 4 hours ago
China's DeepSeek releases long-awaited new AI model
- 4 hours ago
SBP repays deposit of $1b to Abu Dhabi Fund for Development
- 6 hours ago
John Ternus is taking over from Tim Cook as Apple’s CEO
- 6 hours ago
