Prime Minister Imran Khan congratulated the Federal Board of Revenue (FBR) on record tax receipts in July, stating that these revenues were a reflection of the government’s efforts toward sustainable economic growth and development.
According to the data, Prime Minister Imran Khan said in a statement posted on the social networking site Twitter, “I appreciate the efforts of the Federal Board of Revenue in attaining record revenue collection in July.” As of now, the total collection stands at Rs.410 billion, the highest amount ever collected in the month of July – and approximately 22 percent above than the minimum aim for the month. This is a reflection of the government’s goals for long-term economic growth and revitalization.”
Ahead of time, it was announced that the Federal Board of Revenue (FBR) had exceeded its tax collection target of Rs 36 billion in March 2021 to Rs 475 billion, the highest monthly collection in the current fiscal year (FY 2021).
March 2020 recovery targets were set at Rs 439 billion, representing an increase of 8.2 percent to Rs 475 billion, whereas income of Rs 326 billion was collected in March 2020, representing a 46 percent increase over the same month last year.
The Federal Board of Revenue (FBR) was also complimented by Prime Minister Imran Khan for collecting more taxes than planned in March.
The Prime Minister expressed his appreciation for the Federal Board of Revenue’s efforts to achieve a historic growth of 41 percent in March 2021 with a collection of Rs 460 billion through a statement on Twitter.
We collected Rs.3380 billion between July 20 and March 21, which is 10% more than during the same period last year,” said a spokesperson. This demonstrates a broad-based economic rebound spurred on by government measures, he continued.
It has received Rs 33.94 trillion in income in the first nine months of the current financial year, which is Rs 100 billion more than the target of Rs 32.87 trillion set by the government in January.
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