ISLAMABAD: The Federal Board of Revenue has provisionally collected Rs2,265 billion during the last nine months (July-March) of current fiscal year 2016-17.
However, the FBR faced Rs 157 billion shortfall during the corresponding period. The total target for third quarter (January-March) 2016-17 was around Rs 834.4 billion.
Under the monthly collection, the country’s top revenue authority collected Rs 343 billion in March 2017 against the target of Rs 350.1 billion. The monthly revenue collection target for March was at Rs 350.1 billion as compared to Rs 250.6 billion target set for February 2017. The target set for January 2017 was Rs 233.7 billion.
The official or final date of provisional collection would be available on compilation of figures on coming Monday as banks remained opened till 8pm on March 31, 2017 for collection of duties and taxes. Thus the revenue figures would be finalised next week.
The FBR had provisionally collected Rs 1,915 billion during July-February (2016-17) against target of Rs 2,076 billion, reflecting a shortfall of Rs 161 billion. Thus, the FBR has to collect Rs 1,706 billion in the remaining period of March-June 2016-17 to meet the annual target for Rs 3,621 billion by the end of current fiscal year.
The FBR had provisionally collected Rs 227 billion in February 2017 against monthly target of Rs 250.6 billion, reflecting a shortfall of Rs 23.6 billion. Data further revealed that the FBR provisionally collected Rs 1,915 billion during July-February (2016-17) against target of Rs 2,076 billion, reflecting a shortfall of Rs 161 billion. The Board has provisionally collected Rs 1,915 billion during July-February (2016-17) against Rs 1,773 billion, with a growth of 8 percent.
