LAHORE: The Customs Central Region has attained growth of eight percent in first quarter of financial year 2014-15 as compared to the first quarter of corresponding year 2013-14.
The Customs Central Region collected customs duty of Rs 3,316 million in Q1 in 2014-15 against the Rs 3,080 million during the same period in the corresponding FY 2013-14. The Collectorate of Faisalabad collected Rs 234 million against Rs 183 million last the year; up 28 percent while the Collectorate achieved 1 percent of the current year target. The Collectorate of Multan collected Rs 706 million against Rs 883 million, down 20 compared to the last financial year.
The Collectorate of Preventive Lahore collected Rs 675 million against Rs 452 million in last year’s first quarter. The Collectorate not only achieved growth of 49 percent as compared to the Q1 of the last year but also exceeded the target by 18 percent. It is perhaps due to the strategies the new Collector of Customs Muqaram Jah had adopted and brought about many changes in the Collectorate at every level.
The Collectorate of Customs Appraisement Lahore collected Rs 1,700 million and attained a growth of nine percent against the corresponding period last FY. However, the Collectorate failed to hit the target by 14 percent in the Q1 of 2014-15.
