ISLAMABAD Federal Board of Revenue (FBR) has failed to achieve the revenue collection target of Rs336 billion set for the first quarter (July-September) of the current fiscal year 2010-11, as it had collected Rs285 billion so far, TheNation learnt on Saturday. We had collected Rs285 billion taxes so far during the first quarter, which could go up, as these are provisional figures and would be finalised in the coming days. The tax collections in the far-flung areas are still in the pipeline, said a senior officer of FBR while talking to TheNation. The tax bosses are facing Rs51 billion shortfalls in the July-September period of the ongoing financial year however, this could be reduced to some extent in a few days. Sources were of the view that revenue collection could reach Rs300 to Rs310 billion had completed in next few days, however still the shortfall would remain in the range of Rs30 billion and collection of target would not achieve. However, the tax collection in July-September 2010 showed almost 10 per cent over the corresponding period of previous year, as FBR had collected Rs259.24 billion-tax revenue in the first quarter (July-September) of the previous financial year 2009-10. The shortfall in the first quarter of 2010-11 could also affect the annual revenue collection of Rs1667 billion set for the current fiscal year. However, sources believed that FBR was considering several revenue generation measures including imposing flood tax and import duty increase the tax collection of the country. According to the rough estimates, FBR is expecting to collect Rs40 to Rs50 billion through flood tax, while Rs10 billion to Rs15 billion through import duty and due to these moves, FBR could reach the annual target of Rs1,667 billion at the end of June 2010.