Islamabad (April 27, 2018): The target GDP growth rate for the upcoming fiscal year has been set at 6.2pc against FY17-18’s target of 6pc.
The total tax target is Rs4,888.6bn, of which the FBR taxes comprise Rs4,435bn.
“This target will be achieved through improved tax steps and improved tax administration. The tax base is being expanded and the per cent of tax is being reduced,” the finance minister said.
The non-tax revenue target has been set at Rs1,246bn, according to a copy of the budget 18-19.
The provincial share in tax revenue will be increased from Rs2,316bn to Rs2,590bn, Ismail added.
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