The Federal Board of Revenue (FBR) has provisionally collected net revenue of over Rs 2,621 billion during July-March (2017-18) against Rs 2,260 billion collected during the same period of previous fiscal year, reflecting an increase of around 16 percent. The required growth in revenue collection is 19.5 percent for meeting the monthly revenue collection in 2017-18.
According to the details issued by the FBR here on Saturday, the provisional collection for the month of March 2018 was 361 billion excluding collection on account of book adjustments. The figures of collection received in the treasuries of the remote areas may further increase the revenue figures.
The Federal Board of Revenue during first nine months of the current financial year has recorded a provisional net revenue collection of over Rs 2621 billion as against Rs 2260 billion collected during the same period of the previous fiscal year, excluding collection on account of book adjustments. The FBR has recorded an increase of around 16 percent over the revenue collected during the corresponding period of last fiscal year.
The provisional collection for the month of March 2018 was 361 billion excluding collection on account of book adjustments. The figures of collection received in the treasuries of the remote areas may further increase the revenue figures. The revenue collection trend during the first nine months of the financial year augurs well for the efforts of the FBR towards achievement of the assigned annual revenue targets, the FBR added.
Comments
Comments are closed for this article.