FBR surpasses last year's total revenue collections

ISLAMABAD: Federal Board of Revenue (FBR) has surpassed last year's revenue collections of Rs1327.38 billion in the first week of June.

A comparison reveals that in fiscal year 2009-10, total collection of Rs1327.38 billion was made by the close of that year.

However, the collection Rs1336.77 billion upto the first week of June for FY 2010-11, shows a marked increase over the previous year's total revenue collections. Current fiscal year still has 21 days to go, expecting a substantial increase in tax collection, for meeting committed revenue targets.

FBR spokesperson, Riffat Shaheen Qazi informed that the visionary leadership of FBR, through its extraneous efforts during the 4th quarter of CFY, has made it possible to achieve the remarkable revenue collections.

She further reaffirmed the resolve of FBR's tax machinery, under the able leadership of Salman Siddique, to achieve its assigned revenue targets, by the close of current fiscal year, 2010-11.

Copyright APP (Associated Press of Pakistan), 2011