According to a BR report, the Federal Board of Revenue is likely to set an over Rs 2 trillion revenue target for fiscal year 2012-13. This appears to be an ambitious target. Currently, the economy of Pakistan has been confronted with both external and internal challenges; foremost on the domestic front electricity and gas outages remained a major constraint to the overall growth of the economy.
A drop in inflow of FDI and risks to macroeconomic stabiility are also major concerns But one earnestly hopes that Rs 1952 billion target for FY 11-12 will be achieved despite general economic slowdown, particularly, the slow growth in the manufacturing sector and less tax realisation from major sectors like cement, beverages and cigarettes.