Taxation

Provisional figures: July-August collection exceeds Rs 448 billion

The Federal Board of Revenue (FBR) has provisionally collected over and above Rs 448 billion during the first two months (July-August) of 2017-18 against Rs 371 billion collected in the same period of 2016-17, reflecting an increase of Rs 77 billion. Sources said that the revenue collection in August 2017 stood at Rs 237 billion and collection in July 2017 was Rs 211 billion. Overall, the FBR has crossed Rs 448 billion during the first two months (July-August) of 2017-18.

The FBR had successfully amassed the assigned revenue collection target of Rs 200 billion for July 2017. The FBR has provisionally collected Rs 210 billion during the first month of current fiscal year as compared to Rs 164 billion in July 2016, reflecting an increase of Rs 46 billion. The FBR has chalked out the monthly and quarterly revenue collection targets for first quarter of 2017-18. Sources said that the revenue collection would further increase on compilation of final figures in coming days.

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