KPRA all set to achieve Rs 20 billion revenue target in 2020-21

PESHAWAR: After successfully collecting Rs 17.2 billion in the last fiscal year Khyber Pakhtunkhwa Revenue Authority (KPRA) is all set to achieve the target of Rs 20 billion taxes in the current year. The Khyber Pakhtunkhwa Minister Finance Taimur Khan Jhagra appreciated the efforts of the KPRA staff for achieving the revenue targets in the previous year directing them to prepare a comprehensive plan for meeting the current year's revenue target which is Rs 20 billion.

According to a press release issued by KPRA on Tuesday, the Finance Minister was chairing monthly progress review meeting of the authority at the finance department, Khyber Pakhtunkhwa on Tuesday. Director General KPRA Fayyaz Ali Shah along with officials of KPRA including advisors, directors, collectors and KPRA regional offices heads attended the meeting.

The Minister was given a detailed presentation highlighting the authority's performance in terms of revenue collection, registration of new taxpayers and month-wise growth rate compared to the previous years.

The authority crossed over 11,500 registration figure in the year 2019-20 and collected Rs 17.2 billion despite the catastrophic impact of the Covid-19 on the overall economy of the province.

Before the Covid-19 lockdown, the authority was showing an average 73 percent monthly growth rate and after the Covid-19 outbreak the monthly average growth rate dropped to 15 percent. The Lockdown affected almost all sectors from where the authority was collecting taxes.

Copyright Business Recorder, 2020