Islamabad: On Sunday, Minister for Finance and Revenue Miftah Ismail appreciated the Federal Board of Revenue (FBR) for registering 28.7% growth during the current FY (Jul 21- Apr 22).
In a tweet, Miftah Ismail said that the FBR collected Rs 5122 billion in the current FY (Jul 21- Apr 22), up from Rs 3981 billion during FY (Jul 20-April 21), registering a 28.7% growth.
FBR has collected Rs 5122 billion in current FY (Jul 21- Apr 22) up from Rs 3981 billion during Jul 20-April 21, registering 28.7% growth. Refunds of Rs 264 b disbursed during Jul 21-Apr 22 compared to Rs 203 b paid last year, up by 30.1%. The FBR team deserves appreciation. 1/2
— Miftah Ismail (@MiftahIsmail) May 1, 2022
The minister mentioned that increased imports played a fundamental role in the increase. He said sales tax at the import stage grew by 58% compared to local goods, for which it declined by 2%.
Hoping for even better performance with the right mix of policies and tools, the federal minister said the FBR team would perform even better and up to the expectations of the nation.
A big factor in the increase however was increased imports. For instance, sales tax at import stage grew by 58% while it declined by 2% for local goods. With the right mix of policies and tools I am sure this team will perform even better & to the expectations of the nation. 2/2
— Miftah Ismail (@MiftahIsmail) May 1, 2022
