18pc increase in collection

SOHAIL SARFRAZ

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs4,167 billion during July-May (2020-21) against Rs3,532 billion in the same period of 2019-20, reflecting an increase of 18 percent.

The tax machinery collected Rs4,167 billion during July-May (2020-21) against the assigned target of Rs3,994 billion, reflecting an increase of Rs173 billion.

According to the data compiled by the FBR here on Monday, the FBR has provisionally collected Rs386 billion in May 2021 against the monthly target of Rs357 billion, reflecting an increase of Rs29 billion.

The provisional revenue collection stood at Rs386 billion in May 2021 against Rs229 billion collected in the corresponding period of May 2020, showing an increase of Rs157 billion.

Sources said that the FBR revenue collection may reach Rs470-480 billion during May 2021 till compilation of final figures on Tuesday (today).