KARACHI: Government has brought the direct tax revenue collection target down around Rs180 billion for the outgoing fiscal year of 2016/17 as the Federal Board of Revenue has to make refunds on advance taxes taken during the previous fiscal year, an expert said on Wednesday.   “The FBR failed to achieve the income tax target due to adjustment of refunds and advances taken in the last fiscal year to reach the revenue collection target,” said Ikram-ul-Haq, a senior tax...