FBR collects Rs.1836b revenues
The Federal Board of Revenue (FBR) has collected revenues of Rs. 1836 billion during the current fiscal year upto March 7, witnessing an increase of 19 percent over collection of same period of the last year.
The revenue collection during the same period last fiscal year (2014-15), stood at Rs. 1547 billion official sources told APP here Tuesday. According to breakup figures, an amount of Rs. 708 billion has been collected in the head of Income tax, which witnessed an increase of 17 percent as compared to the collection of Rs.605 billion during the corresponding period of last year.
Similarly, the collection of Sales Tax witnessed increase of 16 percent during the period under review by going up from Rs.712 billion last year to Rs.826 during the current year up to March 7, the sources said. Likewise, the Customs Duty collections during the period were recorded at Rs.244, as compared to the collection of Rs.183 billion, showing positive growth of 31 percent during the current year.
The Federal Excise collection has also increased by 4 percent by going up from Rs.97 billion last year to Rs.101 billion during the current year, the sources said.