Staff Report
ISLAMABAD: Federal Board of Revenue collected 527.3 billion rupees against the budgetary target of 527 billion rupees last month.
This shows a growth of 16.3% as compared to the collection in February 2022.
Cumulatively, FBR has collected 4,493 billion rupees in the first 8 months of the ongoing financial year against 3,820 billion rupees collected in the corresponding period of the previous year depicting a year-over-year (YoY) growth of 18 percent.
FBR is continuously showing impressive performance during the 3rd quarter of the ongoing financial year, which shows its unwavering commitment towards achieving the revised upward annual budgetary target of 7,641 billion rupees despite economic challenges, it said in a statement on Wednesday.
Direct taxes by FBR
Direct tax collection rose at a robust pace of 47 percent during the first 8 months of the ongoing financial year, which is reflective of the government’s policy of making taxation equitable and progressive by shifting the tax burden towards the wealthy and affluent segments of society.
