ISLAMABAD After missing the revenue collection targets in nine consecutive months of the ongoing fiscal year, the government is seriously contemplating to bring the annual tax target down to Rs 1340 billion from Rs 1380 billion, TheNation learnt on Thursday. Sources said that due to the several reasons including cut in Public Sector Development Programme fund, prevailing energy crisis and reduction in General Sales Tax on sugar, FBR is facing difficulties in meeting the annual revenue target of Rs 1380 billion by June end. The government might take the decision to decrease the revenue target in next few days, the sources said. The sources were of the view that to fulfil the shortfall of Rs 40 billion, the government will further slash the PSDP fund. The government has already brought the PSDP fund to Rs 300 billion from earlier Rs 421 billion. On the other hand, Chairman Federal Board of Revenue Sohail Ahmad expressed his ignorance in the related matter saying that he was not in picture in this issue. I am not in a knowledge about this development, he said and rushed to assume that target was quite same as it was (Rs 1380 billion). It is the governments responsibility to set the revenue target not of FBR duty, he added. It is worth mentioning here that the International Monetary Fund has already indicated the government that it would not be able to collect revenue not more than Rs 1343 billion at the end of the ongoing financial year. According to the sources, FBR had collected Rs 909.60 billion in the first nine months (July-March) of the ongoing financial year against the target of Rs 938.70 billion thus showing a shortfall of Rs 29.1 billion in the said period. Meanwhile, in the month of April FBR had to collect Rs 121 billion while till April 15, they had collected Rs 70 billion.