To overcome the revenue shortage, FBR shares a proposal with the IMF.

The International Monetary Fund (IMF) has received a plan from the Federal Board of income (FBR) to deal with the income shortage.

FBR would strengthen enforcement capabilities, auction off illicit items, and improve container clearance at ports, according to sources.

Priorities will also be given to rapid court case resolution and tax collection from the undertaxed sector. The authority wants to advance each of these initiatives prior to the IMF delegation’s arrival.

FBR had to reach a tax target of about Rs960 billion in January, according to sources. After accounting for a Rs385 billion revenue deficit, the total tax target for the month would be Rs1,340 billion.

Additionally, every action required to reach the goal for this month will be taken.