FBR collects over Rs6,000 billion revenue this FY
Expects to raise amount to Rs6,100 billion by June 30: Ex-minister Shaukat Tarin delighted at Bureau’s feat
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The Federal Board of Revenue (FBR) on Tuesday announced it had collected Rs6,305 billion in tax in the current financial year (FY), 2021-22, which made up 98 per cent of the target set for the year under review, reported 24NewsHD TV channel.
The FBR spokesman said that the department had met the initial tax collection target of Rs5,829 billion last week, while it expected to raise its revenues to Rs6, 100 billion by June 30, 2022, the last day of the ongoing FY.
Giving more details, the spokesman said that the bureau had collected over Rs2205 billion under the head of income tax; over Rs2773 billion under the head of sales tax, and over Rs319 billion under the head of excise duty.
Expressing extreme delight at the commendable performance of the last government of Pakistan Tehreek-i-Insaf (PTI), Shaukat Tarin, who was a finance minister in that government, congratulated the FBR on the accomplishment.
“This is for the first time in the last 20 years that the bureau has not only gone beyond its target, but has also added two per cent tax in the GDP,” he commented on twitter.
“Well done FBR! This all became possible because of robust economic policies pursued by the PTI government under the leadership of the then prime minister Imran Khan,” he said, and advised the present government not to levy more taxes on the people.
Reporters: Waqas Azeem and Saud Butt