Federal Board of Revenue (FBR) has released the provisional revenue collection figures for the months July-December of current Financial Year 2021-22. According to the provisional information, FBR has collected net revenue of Rs. 2,920 billion during July-December of current Financial Year 2021-22, which has exceeded the target of Rs. 2,633 billion by Rs. 287 billion. This represents a growth of about 32.5 % over the collection of Rs. 2,204 billion during the same period, last year.
The net collection for the month of December, 2021 realized Rs. 600 billion representing an increase of 18.0 % over Rs. 509 billion collected in December, 2020. These figures would further improve before the close of the day and after book adjustments have been taken in to account.
On the other hand, the gross collections increased from Rs. 2,315 billion during July-December, 2020 to Rs. 3,068 billion in current Financial Year July-December, 2021, showing an increase of 32.5 Likewise, the amount of refunds disbursed was Rs. 148 billion during July- December, 2021 compared to Rs. 111 billion paid last year.
