PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) records 31% growth in the first 8 months of the financial year 2022-23 compared to the same period of the last year.

According to details shared by the KPRA media wing here on Wednesday, the KPRA has collected Rs20.21 billion in taxes until February in the current financial year. Last year, the KPRA collected Rs15.4 billion in the same period which shows 31% growth rate in the current fiscal year.

KPRA is mandated to collect and administer Sales Tax on Services and Infrastructure Development Cess (IDC) in the province. This year KPRA has managed to collect Rs17.8 billion from the sales tax on services and Rs2.4 billion in the IDC.

The Director General KPRA Raja Fazal Khaliq, while chairing a progress review meeting, appreciated the efforts of the KPRA team for their performance and directed them to increase their efforts to not only achieve their targets but to surpass them with good margins.

“Your efforts are indeed commendable and the figures show that we will show encouraging growth as compared to the last financial year but our efforts should be to achieve our targets,” he said.

Copyright Business Recorder, 2023