PM Imran lauds FBR on 57pc growth in tax collection

Prime Minister (PM) Imran Khan has lauded, on Saturday the Federal Board of Revenue (FBR) on achieving growth of 57 per cent in tax collection in April, 2021.

Taking to the popular microblogging site Twitter, Prime Minister Khan said, “I commend FBR efforts on achieving growth of 57% in April 2021 with collections recorded at Rs.384 bn compared to Rs.240 bn in April 2020.”

During July-April, tax collections reached Rs3780 billion, which is 14% higher than the same period last year, he said, adding the growth in tax collection shows “our policies have led to broad-based econ[omic] revival.”

According to the tax authorities, the FBR surpassed its revenue collection target by Rs34 billion to Rs384bn in April.

It is pertinent to be stated here that the net collection for April was Rs384bn against a target of Rs350bn, an increase of 9.7 per cent. 

The Revenue collection posted growth of 57pc in comparison to Rs244bn in April of last year. 

Article source: https://nation.com.pk/01-May-2021/pm-imran-lauds-fbr-on-57pc-growth-in-tax-collection