FBR Spots 17.65% Revenue Growth In 8 Months

FBR Spots 17.65% Revenue Growth In 8 Months

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ISLAMABAD: Federal Board of Revenue (FBR) has recorded a provisional net revenue collection of over Rs. 2259 billion during the first two quarters of the current financial year, in contrast to collection of Rs. 1920 billion during the same period of the previous fiscal year.

According to a statement issued by FBR, the Board has tracked a considerable increase of nearly 17.65% over the revenue collected during the corresponding period of last fiscal year.

The provisional collection for the month of February 2018 amounted to Rs 263 billion, excluding collection on account of book adjustments as against Rs 227.5 billion collected during February 2017, showcasing an increase of almost 16% overall.

The figures of collection received in the treasuries of remote & faraway areas may consequently, surge the revenue figures. The target for the year has been fixed with regard to an annual increase of around 19% over the previous year.

Apparently, the tendency of revenue collection trend during the first eight months of the financial year warrants for the unflagging efforts of FBR towards achievement of the assigned annual revenue targets.

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