THE latest IMF staff report reveals the scale of Pakistan’s fiscal dilemma. The approval of fresh disbursements comes with aggressive revenue extraction demands and adjustments that will place more burden on the economy’s already documented, taxed and inflation-hit segments. The targets for the next fiscal year are staggering. Revenues must climb by 13.5pc to more than Rs17tr, with FBR alone required to collect over Rs15.3tr, or 13.7pc more than in the current year. It assumes that moderate growth, elevated inflation, better enforcement and some administrative reforms should yield results. Yet, the numbers expose the weakness........

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