KARACHI: Collectorate of Customs Port Muhammad Bin Qasim (PMBQ) achieved its total revenue target for the month of November, 2019.
The total collection for November, 2019 stood at Rs 53.97 billion as against the monthly target of Rs 52.91 billion, which is 102% of the assigned target and 22.91 percent higher than the Rs43.91 billion collection of November, 2018.
Collectorate of Customs Collector Mumtaz Ali Khoso has attributed this impressive revenue performance of the Collectorate to the leadership of Syed Mohammad Shabbar Zaidi, Chairman FBR, Dr Jawwad Uwais Agha, Member (Customs Operations) and Suraiya Ahmed Butt, Chief Collector Appraisement-South Karachi. He also appreciated the contributions of his team and reiterated the resolve to achieve the revenue target for the financial year.
The customs duty collection in November, 2019 registered an increase of 13.89 percent, amounting to Rs.17.18 billion as compared to the collection of Rs.15.08 billion in November, 2018. Similarly, in the same period Sales Tax collection increased from Rs23.30 billion to Rs30.86 billion, federal excise duty (FED) from Rs478.16 million to Rs654.41million and income tax from Rs5.05 billion to Rs5.39 billion.
