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The country may miss target by over Rs 650 billion, President PBIF

Muhammad Sudhir Chaudhry Deputy Bureau Chief Lahore

22nd Nov, 2019. 06:43 pm
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Mian Zahid Hussain

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain said, the country may miss annual revenue target by over Rs 650 billion resulting in another mini-budget.
The government should try to improve revenue collection and avoid mini-budget to shield the poor which are already pressed due to inflation, he said.
Mian Zahid Hussain said, the revenue authorities have collected Rs 1.28 trillion in the first four months of the current fiscal against the target of Rs 1.44 trillion resulting in a deficit of Rs 1.67 trillion.
In this scenario, the annual revenue target may be missed by Rs 668 billion which will create problems for the government.
IMF mission is due next month as the dismal position of revenue collection may impede the disbursement of another tranche.
He said that some officials are optimistic about convincing IMF about a review but a plan B is necessary if the IMF refuses to allow any reduction in revenue targets.

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