ISLAMABAD, May 1st (APP): Federal Minister for Finance and Revenue, MiftahIsmail here on Sunday appreciated the Federal Board of Revenue (FBR) forachieving 28.7% growth in revenues, expressing the hope that the team wouldperform better and to the expectations of the nation.
“With the right mix of policies and tools I am sure this team will performeven better and to the expectations of the nation,” the minister tweeted.
The finance minister said FBR has collected Rs 5122 billion in currentfiscal year (July-April 2021-22) up from Rs 3981 billion during same periodof last year, showing 28.7% growth.
He said, the board disbursed refunds of Rs 264 b disbursed during July toApril (2021-22) compared to Rs 203 b paid last year, up by 30.1%. “The FBRteam deserves appreciation,” he said.
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[image: Miftah appreciates FBR on 28.7% growth in revenues, hopes betterperformance]
The minister said, a big factor in the increase however was increasedimports as sales tax at import stage grew by 58% while it declined by 2%for local goods.
