ISLAMABAD: Prime Minister Imran Khan on Saturday lauded the Federal Board of Revenue (FBR) for crossing the Rs4,000 billion tax collection mark for the first time in the county’s history.
“I commend the efforts of FBR in crossing historic milestone of Rs4,000 bn in any year for the first time ever,” the prime minister said in a tweet, days before the presentation of the budget for the next fiscal year.
The prime minister said the FBR’s tax collection reached Rs4,143 — and still counting — which reflected the government’s broad-based economic revival policies.
The premier noted that the tax collection was 18% higher than what was recorded in the same period last year.
In March, the FBR had exceeded its target for the first eight months of the current fiscal year (July-February) by fetching Rs2,916 billion against its desired target of Rs2,898 billion, seeing an increase of Rs18 billion, The News reported.
As per the provisional collection figures, the FBR had collected net revenue of Rs2,916 billion during the July-February period, which has exceeded the target of Rs2,898 billion, representing a growth of close to 6% compared to the Rs2,750 billion collected during the same period last year.
The monthly net collection for February was Rs343 billion against the required target of Rs325 billion, representing an increase of 8% over February 2019 and 106% of the target. The collection figures are likely to improve further when book adjustments are finalised.
During the same month, March, PM Imran Khan had commended the FBR for its efforts in achieving growth of 57% in April, 2021 with collections recorded at Rs384 billion compared to Rs240 billion in April last year.
“I commend FBR efforts on achieving growth of 57% in April 2021 with collections recorded at Rs384 billion compared to Rs240 bn in April 2020,” the premier wrote on Twitter.
The prime minister noted that the collections reached Rs3,780 billion in July-April — 14% higher than the same period last year. APP
