LAHORE: The Punjab Revenue Authority (PRA) has surpassed yet another upwards revised target of Rs.197 billion four days earlier than the closure of the financial year 2022-23.
As per the Chairperson, this is the fourth consecutive year in which the PRA surpassed its revenue collection target and hopefully it shall become the first provincial revenue collecting agency in the country to cross the psychological barrier of Rs.200 billion, further establishing itself as the leading provincial revenue collecting agency in the country.
According to the provisional revenue figures, the collection stands 26.5 billion higher than the revenue generated of Rs.170.5 billion for the financial period 2021-2022.
The monthly provisional revenue figures up to 26 June 2023 stands at over Rs.23 billion which is 38% higher than the collection of Rs.16.7 billion generated for June 2022.
As per the spokesperson, the Authority was initially assigned Rs.190 billion as its target which was later revised to Rs.195 billion and finally Rs.197 billion.
Copyright Business Recorder, 2023
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