PM Imran commends FBR on record tax collection of Rs384b in April

Prime Minister Imran Khan on Saturday commended the efforts of The Federal Board of Revenue (FBR) on achieving a record tax collection of Rs384 billion during the month of April. "I commend FBR efforts on achieving growth of 57 per cent," the prime minister said in a tweet comparing the collection of Rs240 billion during the same month in 2020. PM Imran added that the current government's policies had led to " broad-based econ[omic] revival." "During July-April, the collections reached 3,780 billion rupees, 14 per cent higher than the same period last year," the premier added. I commend FBR efforts on achieving growth of 57% in April 2021 with collections recorded at Rs.384 bn compared to Rs.240 bn in April 2020. During Jul-Apr collections reached Rs.3780 bn - 14% higher than same period last yr. Shows our policies have led to broad-based econ revival. — Imran Khan (@ImranKhanPTI) May 1, 2021 Earlier it was reported that the tax collection body maintained a steady momentum and received Rs3.78 trillion in taxes in the first 10 months of the current fiscal year but its dependence on indirect taxes further increased to 64% of the total receipts. Read more: Indirect taxes drive FBR revenues Provisional results for July-April showed that FBR collected Rs143 billion more than its revised target. The collection was almost equally made at the import stage where nearly one out of every two rupees was collected. The FBR collected Rs3.78 trillion in the first 10 months of the current fiscal year as against Rs3.32 trillion in the same period of last fiscal year, registering a growth rate of nearly 14%, according to the provisional results. The collection was Rs460 billion higher as compared to the same period of last fiscal year. The FBR managed to exceed the sales tax and customs duty collection targets, but missed the targets of income tax and federal excise duty.

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