KARACHI: Federal Board of Revenue (FBR) has set tax revenue target of Rs 633 billion for October to December 2015.
According to the sources, FBR has already set a target of Rs 31 billion for the year 2015-16, therefore it has decided that to collect Rs 182 billion in October. FBR has collected just Rs 600 billion instead a set target of Rs 646 billion in first quarter, while Rs 30 billion refunded in refund case.
Sources further told that FBR has decided to make new plans and strategies for the collection of taxes during November and December so that FBR can achieve its set target.
SBP dollar purchases fall to 16-month low at $154m
KARACHI: The State Bank of Pakistan (SBP) significantly reduced its dollar purchases from the interbank foreign exchange market in May,...
