The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting today to review the revenue collection targets and the preparations for the sales tax refunds in cases where RPOs have been issued up till 30th June 2016. Chairman FBR Nisar Mohammad Khan briefed the Finance Minister about the latest revenue collection figures. He briefed that in the first quarter of the FY 16-17, the revenue collection targets have been satisfactory and will pick up further after Eid holidays. The Finance Minister appreciated the efforts of the FBR team and directed to redouble efforts to meet the revenue targets.
The meeting also discussed the Tax related steps required to be taken by FBR under the Doing Business Reforms Strategy 2016. Finance Minister directed that every effort should be made to improve Pakistan’s ranking in Doing Business Index. The Finance Minister shared with the FBR team the outcome of his recent visit to Paris for signing the OECD Convention on Mutual Administrative Assistance in Tax Matters.”The French team and the world at large termed the signing of this convention a big step forward” said the Minister. The meeting was attended by senior officials of FBR and the Ministry of Finance.