Rs 5500 billion revenue target

The target of Rs 5.5 trillion tax collection for fiscal year 2019-20 appears to be a profoundly formidable task for the PTI government to achieve in an environment of economic slowdown; it doesn't sound realistic mainly because of the fact that the prime contributors, including industry, are not in a position to come up to the expectations of the policymakers. The withdrawal of concessions and exemptions will certainly add to the government coffers but it would not help FBR to achieve this target. Although the incumbent FBR chairman Syed Shabbar Zaidi is a highly competent and skilled person, he too will be finding it extremely difficult, if not impossible, to meet the set target.