LAHORE: Punjab Revenue Authority (PRA) has recorded an exceptional increase in revenue collection during October compared to the corresponding month of the previous fiscal year.
During October of the current fiscal year, PRA collected over Rs. 33 billion in revenue, compared to Rs. 26 billion collected in October of the previous fiscal year. Overall, the Authority has recorded a growth rate of 30 percent in revenue collection during the current fiscal year.
These figures were shared during an important meeting chaired by PRA Chairman Moazzam Iqbal Sipra to review monthly revenue targets and performance here at PRA Headquarter on Wednesday. The meeting reviewed sector-wise revenue targets, the number of registered taxpayers and businesses, and the performance of officers.
The Chairman directed that tax collection records of 16 sectors be thoroughly scrutinized, particularly with regard to Electronic Invoice Monitoring System (EIMS) data and tax collections made through banks. He emphasized that identifying elements involved in manipulating tax returns through digital monitoring systems was essential to strengthening tax compliance and ensuring transparency. He further directed the Large Taxpayer Commissionerate to immediately initiate work on the establishment of additional sectors to enhance revenue monitoring and collection. He also announced that enforcement operations against the issuance and use of fake receipts would be further expanded across the province.
The PRA Chairman stressed that misappropriation of taxes paid by the public is a punishable offence under the law and that strict action would be taken against those involved in such practices.
