Customs Appraisement South collects Rs112.224b during October

KARACHI: Collectorate of Customs Appraisement South has collected total revenue of Rs112.224 billion for the month of October 2019, which is 6.6 percent higher than the collection of Rs105.618 billion recorded in October 2018.

Customs Port Qasim collected Rs55.53 billion in October surpassing the target of Rs52.62 billion by 5.23 percent. The collection surged 29.6 percent as compared with Rs42.84 collected in the same month last year.

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Appraisement West collected Rs55.53 billion in October missing the target of Rs26.51 billion by 35 percent. The collection declined 20 percent as compared with Rs21.59 billion collected in the same month last year.

Appraisement East collected Rs39.51 billion in October missing the target of Rs44.67 billion by 12 percent. The collection declined 4.0 percent as compared with Rs41.18 billion collected in the same month last year.

Analysts believe that economy has already started recovering as trade deficit is shrinking, current account deficit is shrinking and sooner the Pak Rupee would start gaining value against the greenback.