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FBR makes impressive growth in revenue collection

FBR makes impressive growth in revenue collection

ISLAMABAD – Prime Minister Imran Khan on Saturday hailed the Federal Boardof Revenue for achieving an impressive 57 percent growth in revenue for themonth of April.

Taking it to Twitter, the premier wrote, ‘I commend FBR efforts onachieving growth of 57% in April 2021 with collections recorded at Rs.384billion n compared to Rs.240 billion in April 2020.’

Khan added that during the period of July-April, tax collections inPakistan reached Rs3780 billion – 14 percent higher than the same periodlast year. Our policies have led to a broad-based economic revival, hefurther claimed.

As per the target, Pakistan’s tax enforcement agency now has to collectRs911 billion in the remaining two months of the fiscal year 2020-21 afterit revised its revenue target to Rs 4,693 billion for the fiscal year.

Earlier, the incumbent government has set a revenue target of Rs4,963billion for the current fiscal year, however, the International MonetaryFund has allowed officials to revise it down to Rs4,693 billion during itsreview meeting in March.