ISLAMABAD - Pakistan and International Monetary Fund (IMF) are not on the same page regarding revenue collection target of Rs 1,952 billion set for the ongoing financial year 2011-12, as latter believed that country could not achieve the said target, it has learnt on Thursday. According to the sources and media reports, IMF, in recent talks with Pakistan held in Dubai, has projected that revenue collection target of Rs 1,952 billion could not be achieved, as Federal Board of Revenue (FBR) would be able to collect some Rs 1,900 to Rs 1,930 billion during the ongoing financial year. However, Secretary Finance Dr Waqar Masood Khan ruled out any possibility regarding revision of revenue collection target for the current year. In a text message to The Nation, Secretary Finance said that revenue collection would not revise and it would remain at the same level of Rs 1,952 billion for the year 2011-12. On the other hand, sources told that Pakistani team had assured that they would achieve the target keeping in view the revenue collection progress of first four months (July-October) of the ongoing financial year 2011-12. It might be mentioned here that Federal Board of Revenue has collected Rs 509 billion during the first four months (July-October) of the ongoing financial year 2011-12, which is 28 per cent higher than the collection during the same period of previous year. The FBR officials believed that one of the main reasons behind growth in revenue collection is the measures taken in March 2011 when tax exemptions on several sectors were eliminated. Similarly, the FBR sources are of the view that the revenue collection would further show improvement in the upcoming months. The government has also estimated to generate Rs 50 billion through administrative measures during the current fiscal year. Sources said that government would not revise the revenue collection target, as it has to revise all the economic targets if it changed the revenue collection target. Therefore, sources believed that government would not revise the revenue target.