ISLAMABAD: The Federal Board of Revenue (FBR) has achieved revenue collection target for the first eight months of current financial year.

According to a spokesman for the FBR, a target of Rs2,898 billion was set for July to February 2020-21. However, it the FBR collected Rs2,900 billion, two days before the month end.

The spokesman expressed the hope that by the end of February, more revenue would be collection.

The FBR envisaged an annual tax collection target of Rs4,963 billion for financial year 2020-21 against tax collection of Rs3,997 billion for the previous fiscal year 2019-20. The revenue body requires around 20 percent growth in order to materialise its desired tax collection target by June 30, 2021.

The writer is a member of staff The reporting desk can be reached at info@thecorrespondent.com.pk

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