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Big economic success for PTI government in first two months of FY 2019

Big economic success for PTI government in first two months of FY 2019

ISLAMABAD: Big economic success for PTI government in first two months ofFY 2019.

The Federal Board of Revenue (FBR) has achieved 90 per cent revenuecollection target set for the first two months of the Fiscal Year 2019-20.

FBR Chairman Shabbar Zaidi in a post on Twitter said, “FBR collection inthis month is 297.4B despite 8-10 non-working days. So far, FBR’s targetfor FY2019-20 has been achieved to the extent of 90 per cent. 580 billionagainst the target of 644 billion.”

“The positive aspects for the two months of FY2019-20 are that importsduring the two months decreased by $1 billion,” he said, adding, thepositive effect is taken into account, collection during the past twomonths is in line with the target.

Minister for Economic Affairs Division Hammad Azhar appreciated thepositive result and said, “Excellent results by FBR by achieving 90 percent of bold revenue target set for them.

” He added, “The break down in taxes show above 30 per cent growth incollection of inland sales and income tax.