ISLAMABAD: Finance Minister Muhammad Aurangzeb has reiterated his commitment to strengthen the Federal Board of Revenue (FBR) and its supporting initiatives to enhance revenue collection, digitisation and economic development.

The minister expressed these views while chairing a meeting at the FBR headquarters on Monday to review the performance of the tax machinery. Chairman Zubair Tiwana and members of the board also attended the meeting.

The FBR collected Rs9.306 trillion in 2023-24 against the downward revised target of Rs9.252tr, exceeding the target by Rs54 billion.

An official announcement said that the finance minister expressed confidence in FBR’s capabilities and hoped that the board would continue to play a pivotal role in achieving the government’s fiscal objectives.

On the occasion, Mr Aurangzeb also cut a cake to celebrate the FBR’s performance for surpassing the collection target for 2023-24.

However, the FBR has recorded a shortfall of Rs109bn compared with the budgetary revenue target of Rs9.415tr for FY24.

Published in Dawn, July 2nd, 2024

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Islamabad protest
Updated 20 Nov, 2024

Islamabad protest

As Nov 24 draws nearer, both the PTI and the Islamabad administration must remain wary and keep within the limits of reason and the law.
PIA uncertainty
20 Nov, 2024

PIA uncertainty

THE failed attempt to privatise the national flag carrier late last month has led to a fierce debate around the...
T20 disappointment
20 Nov, 2024

T20 disappointment

AFTER experiencing the historic high of the One-day International series triumph against Australia, Pakistan came...
Tribunals’ failure
Updated 19 Nov, 2024

Tribunals’ failure

With election tribunals having failed to fulfil their purpose, it isn't surprising that Pakistan has not been able to stabilise.
Balochistan MPC
19 Nov, 2024

Balochistan MPC

WHILE immediate threats to law and order must be confronted by security forces, the long-term solution to...
Firm tax measures
19 Nov, 2024

Firm tax measures

FINANCE Minister Muhammad Aurangzeb is ready to employ force to make everyone and every sector in Pakistan pay their...