The Federal Board of Revenue (FBR) witnessed a shortfall of Rs29 billion in April 2014 as an amount of Rs167bn was collected against a target of Rs196.4bn.
It was the highest-ever decline in a single month of the current fiscal year, which could be a major setback to PML-N government. The shortfall is the outcome of poor governance and compliance issues in the tax administration.
As compared to previous year’s collection of Rs152.480bn in April 2013, a small growth of 8.69 per cent (Rs14.52bn) was witnessed this year, which is far less than the projected target.
