FBR acheives 19pc revenue growth rate

Islamabad—Chairman Federal Board of Revenue (FBR) Nisar Muhammad Khan said on Tuesday that the FBR had achieved an impressive 19 percent revenue growth during the first nine months (July-March) of current fiscal year due to better policies and administrative measures adopted to broaden the tax base. “The revenue growth is well on track this year and we are positive about achieving the revenue collection target set for the year,” he said while answering questions from participants of 104th National Management Course during visit to FBR House here.
Earlier, the visiting participants of NMC were given detailed briefings by Dr. Muhammad Iqbal, Member SPR&S/IT FBR and Nasir Masroor Ahmad, Member Customs FBR on the working, issues, challenges and strategic vision of Inland Revenue Service and Pakistan Customs Service respectively. The Chairman said last year had been quite productive for broadening of tax base and revenue generation as FBR had been able to receive over one million tax returns which were about 750,000 three years ago.—APP

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