Pakistan, June 13 -- In document titled, Federal Budget 2021-22: Budget in Brief, released with federal budget for fiscal year (FY) 2021-22 on June 11, 2021, the collection target of Federal Board of Revenue (FBR) is fixed at Rs 5829 billion for the next FY. The current FY target was fixed at Rs. 4963 billion, but later revised twice to Rs 4717 billion. The expected collection as per Annual Budget Statement will be Rs 4691 billion. It is a serious matter. It not only reflects adversely on our fiscal mismanagement but also is detrimental for provinces that prepared their budgets based on projection given by the federal government of their share in tax collection under the 7th National Commission Award (NFC). The over-fixation of tax target...