ISLAMABAD: The North Region earned surplus revenue of Rs533.79million during the 1st to 15th of October Financial Year 2017-18 under the heads of all duties and taxes against the collection of all duties and taxes during the same period of corresponding Financial Year. The North Region showed 45.37% growth under all the heads in revenue collection during the initial 15 days of October FY17-18 against the same period of FY16-17.
According to details explained by sources that, during the initial 15 days of October FY17-18, the North Region, which comprises Collectorates of Islamabad, Samberial, Peshawar and Gilgit-Baltistan, generated revenue of Rs1710.32million under all the heads against the collection of Rs1176.53million under the same heads during the last FY16-17. The North also showed surplus collection of Rs12.93million under all the heads against the assigned proportional (1st to 15th October FY17-18) revenue target of Rs1697.39million.
Regarding the surplus collection during the first quarter FY17-18, sources said the Customs North Region received surplus revenue of Rs1553.14million of all duties and taxes against the allocated revenue collection target for the first quarter (July to September) FY 2017-18. The North earmarked Rs7625.63million under all the heads while it collected Rs9178.77million during 1st-Q FY17-18.
The sources told CT that, during the 1st-Q, the North posted 20.37% increase against the assigned revenue collection target. During said period, the North generated Rs22.36million extra revenue against the 1st-Q of previous FY2016-17. The North earned Rs7543.11million during the 1st-Q FY16-17 while it did Rs9178.77million during the 1st-Q of FY17-18.
