LAHORE: The Punjab Revenue Authority (PRA) has become the first provincial revenue collection agency in the history of Pakistan to cross the mark of Rs 150 billion during the first eleven months of the ongoing fiscal year.

According to the provisional figures, the PRA has collected Rs 14.22 billion during the month of May 2022, a growth of 23 percent over the 11.6 billion collected in May 2021, bringing its total collection for the first eleven months of the financial year 2021-22 to Rs 153 billion.

This figure is expected to rise further once the civil accounts are finalised, said chairman of the Authority, adding that this extraordinary performance now all but ensures the PRA is going to surpass its assigned revenue target of Rs 155.9 billion. This will be the third year in a row the PRA has surpassed its revenue target.

He said this record collection during the first 11 months of the current fiscal has been made possible by the unbelievable hard work of each and every member of the PRA team who worked with integrity, professionalism and determination.

This performance once again justifies PRA’s stance that stakeholder involvement, taxpayer facilitation and education and a strategy of team-work and collaboration are much more essential and useful for revenue collection than the policies involving coercive actions, advance payments and aggression, he added.

Copyright Business Recorder, 2022