LAHORE: A spokesman of the Punjab Revenue Authority (PRA) has said that the authority has been working efficiently in regards of tax awareness and collection.
He said that the performance of PRA has been steady and remarkable with reference to the every past year as it has always grown and rose positively.
Giving a comparison from different sectors with respect to the revenue collection for the months of July and August 2015 compared with the performance of PRA for the same two months during 2014, the spokesman said that In Banking / Non-Banking/ Insurance sector, PRA has outperformed its previous performance as the collection for July 2014 was Rs 588.648 million, which increased to the level of Rs 641.717 million estimating gain to the level of 9.02 percent.
Similarly, the August 2015 collection increased to Rs 899.939 million from Rs 794.301 million depicting 13.30 percent gain. The Withholding Agent sector saw a boom as it increased to 129.38 percent during July 2015 in comparison to July 2014 and the month of August 2015 also noticed an increase of 153.76 percent as compared to August 2014.
The spokesman said the collection from security agencies has also been remarkable as it increased to 20.82 percent and 43.46 percent for July and August 2015 respectively. The gain in construction services sector has been exceptional as it increased to the level of 324.55 percent and 263.30 percent during July and August 2015 respectively, in comparison to the same months during 2014.
