Islamabad October 1 2023: For the first quarter of current financial year, FBR has collected PKR 2,041 billion (2022: PKR 1,644 billion) against assigned target of PKR 1,978 billion thus exceeding the target by PKR 63 billion.
FBR has also put in exceptional efforts to achieve revenue target for the month of September, 2023. As against a target of PKR 794 billion, FBR was able to collect PKR 834 billion (2022: PKR 688 billion), while refunds amounting to PKR 37 billion were issued compared to PKR 18 billion issued in September, 2022.
However, severe import compression was witnessed during the month of September, 2023. During previous month, taxes at import stage were collected at PKR 299 billion whereas during the current month, taxes at import stage were only PKR 254 billion. FBR was able to make up the shortfall of PKR 45 billion through domestic taxes especially direct taxes.
“Team FBR has put in tremendous work. The sincerity and work ethic displayed by FBR officers and officials were exemplary. Moreover, FBR is committed to not only achieving the assigned target for the coming months of the current financial year but also surpassing it” FBR states.
