LAHORE: Punjab Revenue Authority (PRA) successfully collected Rs.14.930 billion during the month of March 2023, which is reportedly 15.3% higher than the revenue collected at Rs.12.95 billion during the same period last year.
During March 2023, PRA also collected Punjab Workers Welfare Fund (PWWF) amounting to Rs.555 million thus showing its growth at 207% if compared with the last year collection at Rs.181 million. Hence, during the first three quarters of the current Financial Year, PRA has collected 74% of the assigned target of Rs.190 billion by collecting Rs.140.79 billion thus showing revenue growth at 26.1%. This is a tremendous performance despite current ban on release of funds on account of all development projects in Punjab.
The incoming PRA Chairperson Dr Javed Iqbal Sheikh in a media briefing stated that the Authority is hopeful of achieving the budgetary target while continuing with the policies of the last Chairperson Mr Zain ul Abidin Sahi. It is pertinent to mention that PRA has been exceeding the assigned revenue collection targets for over the past three years while adopting the taxpayer friendly voluntary compliance model duly complemented by extensive use of Information technology which is a great achievement in Pakistan’s scenario having undocumented economy.
