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The tax lacunae

39 0
03.01.2026

The tax machinery, whose laxity is an undeniable truth, has once again failed to meet the revenue collection target for the first half of the ongoing fiscal year. The FBR has missed the target by Rs330 billion, despite taking a leap on the last day of the outgoing calendar year by netting a staggering Rs391 billion. It is ironic to note that the original shortfall was around Rs545 billion, as it pooled Rs6.16 trillion during the July-December period. That has led to speculations of a mini-budget specifically targeting business........

© The Express Tribune