The Federal Bureau of Revenue has surpassed the revenue target by Rs 143 billion during the period of July-April. The FBR has collected Rs 3.78 trillion during July to April period of the current fiscal year against the target of Rs 3.63 trillion.
FBR collected Rs 3.32 trillion during the April-July period of previous fiscal year.
In April, the FBR collected Rs 384 billion April against the target of Rs 350 billion. The revenue collection in April was 57 percent higher compared to the corresponding period of the previous fiscal year. In April 2020, the FBR had collected Rs 240 billion.
Prime Minister Imran Khan appreciated FBR for surpassing the target. “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,” he said in a Twitter message. “During Jul-Apr collections reached Rs.3780 bn – 14% higher than the same period last yr. Shows our policies have led to broad-based econ revival.”
The FBR refunded Rs195 billion this year compared to Rs118 billion of the corresponding period of the previous fiscal year, showing an increase of 65.3pc.