PM Imran Khan Commends FBR On Record Tax Collections

Aizbah KhanWeb Editor

31st Jul, 2021. 11:25 am
PM To Inaugurate World's Largest Miyawaki Urban Forest in Lahore Today

Praising the FBR on record tax collections in July, Prime Minister Imran Khan said that these collections were a reflection of the government’s policies towards sustainable economic growth and development.

According to details, Prime Minister Imran Khan said in a statement on social networking site Twitter, “I commend efforts of FBR in achieving record revenue collection in July. As of now, the collection is Rs.410 bn which is the highest ever in the month of July – & around 22% above the required target for the month. This is a reflection of govt’s policies for sustained economic growth & revival.”

Earlier, the Federal Board of Revenue (FBR) has surpassed its tax collection target of Rs 36 billion in March 2021 to Rs 475 billion, the highest monthly collection in the current financial year (FY 2021).

The recovery target for the month of March was set at Rs 439 billion, an increase of 8.2 per cent to Rs 475 billion, while revenue of Rs 326 was collected in March 2020, compared to an increase of 46 per cent.

Prime Minister Imran Khan also praised the FBR for collecting more taxes than expected in March.

Sending a message on Twitter, the Prime Minister appreciated the FBR’s efforts to achieve a historic growth of 41% in March 2021 with a collection of Rs 460 billion.

“During Jul ’20-Mar ’21 our collections reached Rs.3380 bn which is 10% higher than the same period last year. This reflects broad-based econ revival led by govt policies,” he added.

The FBR collected revenue of Rs 33.94 trillion in the first nine months of the current financial year, which is Rs 100 billion more than the target of Rs 32.87 trillion.

 

 

Adsence 300X250