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FBR striving to achieve revenue collection target.
Federal Board of Revenue (FBR) is making concerted efforts to meet the revenue collection target it is said that the officers and field formations of the board are working to their full potential in this last quarter, which is always the most crucial and productive in terms of meeting the revenue collection target.
Compared to last year when FBR achieved unprecedented revenue growth, this year the government had decided to follow a growth-oriented approach by giving major subsidies in the oil, export and agricultural sectors which had a drastic effect on the revenue collection efforts.
These concessions and subsidies are the conscious decision of the government and without them it would have been easier to register 17 per cent revenue growth.
In a separate presentation on 'Functioning of Customs and Future Strategic Vision', Member Customs FBR Muhammad Zahid Khokhar spoke on the historical evolution of Customs Law, types of laws implemented by Customs, functions of Customs, Pakistan Customs revenue contribution, anti-smuggling performance, major challenges and FBR's response to them.