ISLAMABAD: Prime Minister Imran Khan has commended FBR Field Formations on achieving 7-months revenue targets by undertaking bold tax audit and enforcement, and counter-smuggling measures.
In a tweet on Saturday, he said they must continue working with honesty and commitment. He also commended the FBR Head office Team for developing the IT-enabled Transformation Plan and procuring cutting-edge Track and Trace System.
The Prime Minister said once fully functional in July 2021, it would add 100s of billions of additional revenue, curb counterfeiting and help establish rule of law.
It is necessary to mention here that Federal Board of Revenue (FBR) has surpassed its monthly target for January 2021 as its collection fetched Rs 363 billion against the desired monthly target of Rs 341 billion.
For the first seven months (July-Jan) period of the current fiscal year, the FBR had collected Rs 2,568 billion against the desired target of Rs 2,551 billion, surpassing the revenue collection by Rs 17 billion. “The revival of stalled IMF program is around the corner and the FBR’s performance for achieving its target for January 2021 will help restoring confidence of tax collection machinery,” said one top official of FBR. Now the FBR machinery could claim the IMF that they would achieve the annual tax collection target of Rs 4,963 billion envisaged for the current fiscal year.
