Islamabad: The amnesty scheme hasn’t been able to meet the revenue target of PKR 3,935 billion set for the fiscal year 2017-2018, according to a news report. The provisional revenue collection stands at PKR 3,751 billion.
Collections under the amnesty scheme stand at PKR 90 billion, however, this hasn’t been included in the overall collection as the Federal Board of Revenue (FBR) hasn’t clarified whether proceeds from the amnesty scheme will be further revised or not as a large amount is still stuck in the pipeline.
The caretaker Finance Minister Dr. Shamshad Akhtar was briefed by the top officials at the FBR. Akhtar instructed the board that money raised from the amnesty scheme shouldn’t be added as the revenue collection of the tax machinery.
