Miftah lauds FBR for achieving remarkable growth in revenues

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Federal Minister for Finance and Revenue, Miftah Ismail said here on Friday that the Federal Board of Revenue (FBR) had created history by collecting Rs763 billion revenues during a single month (in June).

Addressing a press conference also with Chairman FBR, Asim Ahmad, the minister said, earlier, the collection record for one month was Rs580 billion and the board had never crossed Rs600 billion bench mark.

He said the performance of the last quarter was excellent, as the collection grew by 32 percent. Lauding efforts made by FBR and its chairman, the minister said, the tax collection increased despite the fact that the government paid Rs39 billion refunds last month, which is more than 44% percent compared to the last year.

He said, collectively Rs105 billion refunds were paid, which is 55% more than the corresponding period of last year. He said, during the fourth quarter (April-May-June), when the incumbent coalition government assumed power, Rs1741 billion revenues were collected, which showed 29 percent increase when compared to the collection of Rs1351 billion during the corresponding period of last year.

 

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