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FBR acting Chairman to visit Karachi Customs House next week

KARACHI: The Federal Board of Revenue acting Chairman Shahid Hussain Asad is likely to visit Karachi Customs House next week.
The FBR sources confirmed Customs Today that the acting chairman Shahid Asad would expected to visit customs house next week where he will hold meetings with the Customs officers.

It further informed this scribe that the agenda of the meeting will be the strategy to achieve the revenue target for the FY 2014-15.

Moreover, the federal government has already given FBR revenue target of Rs2810 million for FY2014-15, however FBR authorities has requested the federal ministry of finance to revise the revenue target and setup it at Rs2700 million for the current fiscal year.

The sources further said that the Finance Ministry would likely to revise the revenue target but not agreed upon to drag it at Rs 2700 million. The FBR’s revenue target for the last fiscal year had also been revised twice by the federal ministry of finance from Rs 2400 million to Rs 2270 million.

The sources further confirmed that the FBR has to pay special attention towards the collection of customs duty as per the set target throughout the fiscal year, as all the model customs Collectorates had missed the revenue targets in terms of collecting customs duty throughout previous fiscal year.