17.7 percent more revenue received in July-April: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs898.641 billion in 10 months (July-April) of current fiscal year 2008-09, which works out to 17.7 percent more than the same period previous year, however, the Board faces a gigantic task of collecting another Rs350 billion in the remaining two months to meet the target of
Rs1250 billion.

In April alone, the FBR collected Rs83.532 billion. According to provisional figures, collection of direct taxes in the first ten months of the current fiscal year amounted to Rs332 billion, while in the same period previous it stood at Rs284 billion.

Revenue received on account of sales tax during the period under review amounted to Rs358 billion, of which, Rs194 billion received from sales tax locally and Rs164 billion at import stage.

Federal excise duty received in July-April current fiscal year amounted to Rs90 billion and customs duty Rs117 billion.

This news published by www.geo.tv