(Rs. in billions) YearTargetsCollectionGrowth in Collection (%)Target Achieved (%)Tax to GDP ratioRatio in total taxes (%)Indirect taxesDirect taxes1996-97286.0282.15.298.611.669.830.21997-98297.6293.64.198.711.064.935.11998-99308.0308.55.1100.210.564.335.71999-00351.7347.112.598.79.167.532.52000-01406.5392.313.096.59.368.231.82001-02414.2404.13.097.69.164.735.32002-03458.9460.614.0100.49.467.033.02003-04510520.813.1102.19.268.331.72004-05590590.413.4101.89.168.931.12005-06690713.420.8103.49.468.531.52006-07935847.218.8101.59.860.639.42007-081.0001008.118.9100.89.861.538.52008-091,1791157.014.898.18.961.838.22009-101,3801327.414.769.09.060.439.62010-111,6671587.019.695.28.861.338.72011-121952.31883.018.296.59.160.839.22012-1320071939.403.096.68.561.838.22013-1422752254.516.099.08.861.138.92014-1528102589.913.092.29.260.139.92015-163103.73112.420.2100.39.660.939.12016-1736213367.88.092.99.860.139.92017-1840133842.114.197.610.460.040.0 Source: State Bank/Economic Annual Surveys & FBR Year Books Table: FBR Tax Collection (2001-02 to 2017-18)(million rupees)Fiscal YearDirect TaxesSalesExciseCustomsTotal of Indirect TaxesTotal…
Detonating POL bomb
Huzaima Bukhari & Dr. Ikramul Haq Rising need of petroleum and its heavy taxation leaves the common man stripped of his earnings, and renders the lives of the poor more miserable than before, but despite all these, brings in…