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FBR collects Rs1.01trn to meet 99pc of nine-month revenue target

Published Updated

ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs.1.010 trillion up to March 30, against a target of Rs.1.016 trillion for the first nine months of the current fiscal year showing a growth of 13.5percent over the same period of last year.

According to a statement of the FBR issued here on Monday, the details collection challans for March 31, are being processed and the full month's figures would be available in a day or so.

It added that for the March, a target of Rs.140.4 billion, FBR has already collected Rs.134.1 billion up to March 30.

The collection of March 31, is yet to be reflected in these figures.

"Nonetheless the attained collection shows a growth of 13.5% over the last year", the statement added.

It may be noted that these collections are provisional and subject to final reconciliation with AGPR and the Banks by mid April, 2011.

As per historical trend, additional revenues are accounted to the government treasury as a result of the reconciliation. FBR therefore, expects to meet its monthly as well as the 9 month's target as a result of the reconciliation exercise.

Copyright APP (Associated Press of Pakistan), 2011

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