ISLAMABAD The Federal Board Revenue (FBR) is yet to collect Rs 280 billion taxes in the remaining five weeks of the current financial year to meet the annual tax collection target of Rs 1,380 billion set for the financial year 2009-10, TheNation learnt on Monday. According to the sources, FBR had collected Rs 1100 billion till May 21, which is 14 percent higher than the tax collection in the same period of last fiscal year. However, to achieve the target of Rs 1380 billion, FBR will have to collect Rs 280 billion in the last five weeks of the current fiscal year. Meanwhile, only in the first 21 days of the ongoing month of May, FBR had collected Rs 76 billion. Economic experts and even government officials believed that in the current economic situation the tax collection target of Rs 1380 billion is looking ambitious to achieve. They believed that in the current situation when there is severe power shortage in the country, FBR would collect around Rs 1340 to Rs 1350 billion at the end of the current fiscal year, which means that FBR might face shortfall of Rs 30 to Rs 40 billion in the current fiscal year. According to the FBR sources, the tax bosses were not able to achieve the tax collection target even in the single month in the first ten months (July-April) of the current fiscal year and missed the target in every month. The main reasons behind missing the tax targets are included as cut in Public Sector Development Programme (PSDP), the prevailing energy crisis in the country, deteriorating law and order situation and cut in General Sales Tax on sugar had created many problems for the tax bosses. Due to the said reasons FBR is not in a position to complete the target in the next five weeks, the sources added.