ISLAMABAD: Prime Minister Imran Khan has paid tribute to the Federal Board of Revenue (FBR) for achieving “historic levels of tax revenue” during the current financial year.
Going on Twitter, the Prime Minister credited his government’s policies for bringing economic change to Pakistan.
The Prime Minister tweeted, “I appreciate the FBR’s efforts to achieve the historic level of tax revenue of Rs 4732 billion in 2020-21.
In a previous report. News The bureau said on Thursday that it had met its target for the fiscal year 2021-22.
According to the report, the FBR raised its tax collection target for the financial year 2020-21 to Rs 4,691bn and managed to collect Rs 4,725bn.
But the FBR failed to meet the initially estimated tax collection target of Rs 4,963 billion for 2020-21, which was revised to Rs 4,691 billion as per the IMF agreement. ۔
FBR sources told the newspaper that tax collection has increased by 18.2% during the financial year.
Last year, the FBR had collected revenue of Rs 3997 billion.
The FBR made a net collection of Rs. 555 billion in June 2021, which helped the Bureau to collect a total of Rs. 4,725 billion on June 30, 2021.
According to The News, the FBR’s collection during the first 11 months of the current financial year (July-May) stood at Rs 4,170 billion, so after adding the June 2021 collection, the total collection stood at Rs 4,725bn.