ISLAMABAD: The Federal Board of Revenue (FBR) claimed to have collected Rs 112 billion in 16 days of the ongoing month which is 24 percent more than Rs 90 billion collected in the corresponding period of last year.
According to FBR Member Inland Revenue (IR) and official spokesperson Shahid Hussain Asad, FBR revenue collection has witnessed a growth of 24 percent in the 16 days of the current month so far. He expressed the hope that if the revenue collection continued at the same pace, the FBR would be able to achieve the huge target of Rs 2,810 billion by June 30.
The FBR Member informed that the Board had collected Rs 431 billion so far in the two and half months of the current fiscal year which was more than Rs 369 billion collected in the same period of the previous year.
Asad pointed out that revenue collection was linked with the overall economic growth, adding that worst floods had adversely affected the agriculture sector besides hitting the poultry and livestock sectors hard. He feared that it would result in negative impact on the overall economy of the country.
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