ISLAMABAD: The Ministry of Finance has ignored the Federal Board of Revenue’s significant revenue collection project Road to Seven Trillion and no funds have been allocated for the project in the current budget 2017-18.
Under this project, it has been proposed that eleven new Regional Tax Offices will be established in all over the country but, due to lack of funding, till now only one new Regional Tax Office of Sahiwal has been established and establishment of the Gujrat Regional Tax Office is still pending.
The FBR sources have told Customs Today that, if required, funds for the establishment of new regional tax offices will not be provided. The increase in tax revenue collection to seven trillion in next three years will not be possible and even revenue target for the current fiscal year cannot be achieved. Sources told CT that although Federal Finance Minister Senator Mohammad Ishaq Dar appreciated the project but, despite this, finance ministry has ignored the project.
The FBR could not insist on the ministry of finance. The FBR had moved a detailed summary for the approval of funding in the last financial year and now FBR has again requested the ministry of finance for releasing the required funding.