ISLAMABAD: The Islamabad Dry Port (IDP) has been on distance during initial 14 days of June’s Financial Year FY2016-17 against the revenue collection of the same period of corresponding Financial Year 2015-16. The IDP needs to collect Rs320.00million of Customs Duty (CD) during the next 16 days to meet the assigned target for the month of June FY16-17. The IDP has been assigned the revenue collection target of Rs487.00million of CD for June FY16-17.
The allocated target for the current month is almost double against the previously earmarked revenue collection target. The IDP earned Rs167.00million from June 01 to 14th of Financial Year FY2016-17 whereas it earned Rs371.00million during the same above period. He further said the revenue earning is slow due to many factors but the main factor was the strike of truckers during the month of May FY16-17.
During the next days after 14th of June FY16-17, the IDP is expecting a handsome revenue through imports from different countries. The expected revenue will help chase the allocated revenue target of Customs Duty.
The overall performance of CD has been satisfactory as IDP surpassed the revenue collection target during May16-17 with an additional amount of Rs46.561million against the collection of same period of corresponding Financial Year 2015-16. He informed CT that the IDP received Rs381.439million during May16-17 while it generated Rs328.00million during same period of corresponding Financial Year 2015-16.
