ISLAMABAD - Federal Board of Revenue (FBR) Monday decided to increase its annual revenue collection target for the current financial year from Rs 1,250 billion, fixed during the budget 2008-09, to slightly over 1,300 billion. According to sources, the government has asked the FBR to revise its annual collection target upward as desired by the International Monetary Fund (IMF) during the recent discussions at Dubai regarding Pakistan bailout package. The IMF has agreed in principle to provide a two-year standby programme to bail out Pakistan from the current economic slow down. The FBR's enhancing of the annual target was also in line with the growth it had registered both in the first quarter of the ongoing financial year and during the month of October. In the overall quarter, the FBR collected revenue with a six per cent growth while the month of October 2008 registered slightly over eight per cent increase.