ISLAMABAD: Minister of State for Information and Broadcasting Farrukh Habib, on Monday, said the business community was enjoying reforms carried out in the Federal Board of Revenue (FBR) by the present government.

In a series of tweets, he said Prime Minister Imran Khan had introduced reforms in the FBR and kept his prudent economic policies continued, which were equally benefiting business community including industries and traders.

For the first time in the history of Pakistan, he said, with a tax collection of Rs431 billion in this year July all the previous records for the same month went broken.

The minister said in July 2021, payment of taxes along with tax returns surged by 54 per cent. He said custom duties were increased by 37 per cent, net revenue by 36 per cent, while gross revenue went up by 32 per cent.

In the same period, he said, the number of income tax return filers rose by 30 per cent and tax refunds by 26.6 per cent, while Pakistan Customs confiscated smuggled items worth Rs3.6 billion.

Copyright Business Recorder, 2021