ISLAMABAD: The Federal Board of Revenue (FBR) has realized Rs1209 billion revenues upto December 21,2015, of current fiscal year against the collections of Rs1030 billion taxes in the same period of last fiscal, showing an increase of 30 percent, a senior official of the board said.

Member Strategic Planning Reforms and Statistics (SPR&S) and Spokesman of the FBR, Dr. Muhammad Iqbal told APP here Tuesday that the FBR had performed well in tax collection with over 30 percent increase in taxes so far as compared to the previous year.

The FBR Spokesman said no Saturatory Regulatory Orders (SROs) was issued in current fiscal year and no such measure was proposed to the high level committee for further approval in Economic Coordination Committee of the Cabinet (ECC).

He said that SROs issue was under discussion with all stake- holders including all chamber of commerce and the Ministry of Commerce and Textiles Industry. Despite the huge challenges FBR's tax collection was on track, he added.

Dr. Iqbal said that FBR was committed to broaden the tax net for strengthening the national economy and to enhance tax to GDP ratio in the country in line with the policy of the government.

Copyright APP (Associated Press of Pakistan), 2015