ISLAMABAD Federal Board of Revenue (FBR) fixed the revenue target of Rs1,667 billion for 2010-11 on the basis of expected collection of Rs1,330 of the last fiscal year, not on the target of Rs1,380 billion, sources told on Saturday. An official of FBR told TheNation that the revenue target for the ongoing fiscal year was quite realistic as it was fixed on the basis of What we expect (Rs1,330 billion) to achieve in 2009-10. He further told that at the time of fixing revenue target for current financial year, FBR knew that it would not achieve the annual target of Rs1,380 billion so target was set on basis on Rs1,330 billion. To a query he said, FBR collected Rs1,315 billion in the last fiscal year 2009-10 and We hoped it would go to around Rs1,330 billion in next few days, as the revenues of far flung areas are still in the pipeline and would finalise in next three to four days, he added. We set the annual revenue target by assuming inflation rate at 12 per cent, GDP growth 3 per cent in the current fiscal year, which would generate Rs200 billion, besides new taxation measures would give Rs135 billion to FBR, he said. So, adding the said amount of Rs335 billion in the expected collection of Rs1,330 billion, FBR fixed the target of Rs1,667 billion for ongoing financial year 2010-11, he said. It is pertinent to mention here that in the new taxation measures, FBR had estimated to generate Rs50 billion through tax administration reforms, while around Rs85 billion would be generated through other measures including one percent increase in GST rate and some new taxes on various commodities.