ISLAMABAD: Federal Board of Revenue (FBR) has realized a provisional collection of Rs 840.7 billion revenue estimates up to December 2011.
In the corresponding period last year, the FBR had collected Rs 661.7 billion tax as this year collection shows an increase of 27.05 per cent upto December.
Talking to APP, spokesperson Ms. Riffat Shaheen Kazi said that if this trend in the revenue collections of FBR continues, the government will be able to meet its revenue targets of Rs.1952 set for the current fiscal year 2011-12.
According to Federal Minister for Finance, Dr Abdul Hafeez Shaikh, in wake of the prudent economic policies initiated by the government the economic indicators were showing positive results.
He said government wanted to improve the working, efficiency and performance of State Owned Enterprises like Pakistan International Airlines (PIA), Pakistan Steel Mills (PSM) and Pakistan Railways through introducing efficient management and operating through the professionals to make them profitable for the economic development of the country.
He said that large scale manufacturing sector has registered growth of 3.6 percent during the first quarter of current financial year which was a healthy sign for national economy.
He added that revenue collections of the FBR was also showing upward trend which was a another healthy sign.
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