FBR: Revenue collection surges by 28.6% in 10 months

FBR, Revenue collection

ISLAMABAD: The Federal Board of Revenue (FBR) has collected net revenues of Rs4,858 billion during the first ten months of the current fiscal year (July-April 2021-22), showing a growth of 28.6 per cent over the collection of  Rs3,778 billion during the corresponding period of last year.

According to provisions figures shared by the FBR on Saturday, the collection during July-April (2021-22) also exceeded the target set for the period by Rs239 billion.

The claims of the Pakistan Democratic Movement (PDM) have proven false regarding the failure of the previous government led by Imran Khan as the latest statistics showed the growth in the tax revenue of the last 10 months of the fiscal year.

The net collection for the month of April 2022 stood at Rs480 billion representing an increase of 24.9 % over Rs. 384 billion collected in April 2021, the state news agency reported.

READ: BRING UNREGISTERED SUGAR DEALERS INTO TAX NET, PRESIDENT DIRECTS FBR

On the other hand, the gross collections increased from Rs3,981 billion during July-April (2020-21) to Rs5,122 billion in the current financial year July, showing an increase of 28.7%.

Likewise, the number of refunds disbursed during April 2022 was Rs34.6 billion while in April 2021, the refunds disbursed were Rs.19.6 billion, registering an increase of 76.2%.

Similarly, refunds worth Rs264 billion have been disbursed from July-April (2021- 2022) compared to Rs203 billion paid last year, showing an increase of 30.1%.



from ARY NEWS https://ift.tt/E4u7xKv
https://ift.tt/CJFiMTG

Comments

Post a Comment

Popular posts from this blog

Punjab CM election case: Coalition govt decides to boycott Supreme Court bench

Image
ISLAMABAD: The coalition government on Monday decided to boycott the current three-member Supreme Court bench which is hearing the case pertaining to the Punjab CM. Chief of Pakistan Democratic Movement (PDM) and Jamiat Ulema e Islam-F (JUI-F) Maulana Fazlur Rehman said the PDM demanded full court hearing of the case related to Punjab CM election. […] The post Punjab CM election case: Coalition govt decides to boycott Supreme Court bench appeared first on BOL News . from BOL News https://ift.tt/Omq7tG2 https://ift.tt/9cFUoLG
Read more

Karachi police to probe DIG Azfar Mahesar’s son’s viral firing videos

Image
KARACHI: Sindh Home Minister Ziaul Hasan Lanjar ordered an inquiry after Deputy Inspector General of Police (DIG) East Azfar Mahesar’s son Asher’s aerial firing videos went viral on social media, ARY News reported. Earlier, video footage showed DIG Azfar Mahesar’s son brandishing different kinds of weapons and resorting to aerial firing in several videos posted on social media. Asher was seen in different locations, sometimes in a moving car, relentlessly conducting aerial firing. Speaking to ARY News, Lanjar said that he has ordered Karachi police to do a forensic examination of the videos and initiate action against DIG Mahesar if he is found guilty in the case. Read more: Caught on camera: Heavy aerial firing by ‘students’ near Seaview Soon after the videos circulated, Karachi police said that it had filed a complaint with the Federal Investigation Agency (FIA) to investigate the matter. According to police, some of the videos were old and were edited, however, an inquiry has
Read more

CJCSC addresses participants of 53rd PN Staff Course

Image
RAWALPINDI: Chairman Joint Chiefs of Staff Committee (CJCSC) General Sahir Shamshad Mirza on Thursday visited Pakistan Navy War College Lahore and addressed the participants of the 53rd PN Staff Course. According to a press statement issued by the Inter-Service Public Relations (ISPR), the CJCSC expressed his views on the armed forces’ efforts in confronting the multifaceted conventional and non-conventional challenges. General Sahir Shamshad Mirza said that the Pakistan Navy has always fulfilled the expectations for the protection of maritime borders. “The Pakistan Navy has a proud history of bravery and sacrifices for the motherland,” the CJCSC added. Earlier upon arrival, General Sahir Shamshad Mirzaki was welcomed by Commander Rear Admiral Azhar Mahmood. On the occasion, the CJCSC also laid floral wreaths and offered Fateha at the martyr’s monument. Read More: CJCSC, Turkish Army chief reaffirm expanding strategic ties Earlier on April 18, Chief of the Turkish General Staff
Read more