Port Qasim Collectorate collects Rs 17.52 billion customs duty during January 2020

Port Qasim Customs Collectorate, Karachi achieved its total revenue target for the month of January, 2020. The total collection for January, 2020 stood at Rs 57.02 billion as against the monthly target of Rs 54.20 billion, which is 5.21 percent higher than the assigned target and 15.69 percent higher than the Rs 49.28 billion collection of January, 2019.

The Customs Duty Collection in January, 2020 registered an increase of 6.62 percent, as compared to the collection of Rs 16.43 billion in January, 2019. Similarly, in the same period Sales Tax collection increased from Rs 26.62 billion to Rs 33.56 billion.

Total revenue collection during Jul-2019 to Jan-2020 registered an increase of 6.63 percent of the target assigned by the FBR and 22.02 percent, as compared to the collection during Jul-2018 to Jan-2019, despite the strike of transporters during the month of January-2020. Mumtaz Ali Khoso, Collector of Customs, Port Qasim, has attributed this impressive revenue performance of the Collectorate, despite a steep decline in imports, to enhanced trade facilitation measures taken at the time of clearance of import goods and efficient managerial controls.-PR