Islamabad: Minister for Finance and revenue Shaukat Tarin congratulations to the Federal Council on Wednesday of Revenue (FBR) for exceeding the tax revenue target of Rs441 billion for month of February.
In a tweet, the minister he said the firm has shown a robust growth of 28.5 percent monthly growth of over 30 percent. He expressed hope if the pace remaining the same, the country will meet its annual revenue targets.
“Congratulations! FBR has successfully knocked down the revenue target for February of Rs441 billion, robust publication growth of 28.5 percent up per month growth of over 30 percent. To this run We will reach our annual revenue targets, “he tweeted.
Congratulations! FBR has successfully knocked down Revenue target for February of Rs. 441 billion, strong posting growth of 28.5 percent up per month growth of over 30 percent. To this run-rate we will meet our annual income goals. Insha’Allah.
– Shaukat Tarin (@shaukat_tarin) March 2, 2022
It is pertinent to mention here that FBR has collected net enter of Rs3.7 trillion during the first eight months of on 2021-2022 financial years surpassing the target of Rs268 billion.
This represents a growth of about 30.3 percent over the collection of Rs2.9 trillion in July-February (2020-21), the board She said in a statement released Monday.
Pakistan has come under pressure from the International Monetary Fund (IMF) to increase revenue through taxes and a power tariff to meet the benchmarks set under the $ 6 billion secured loan in 2019.
