ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs386 billion in revenue in May, indicating an increase of 7.82 per cent. As per the provisional data collected by authorities on Monday, this is the third highest collection in the second half of fiscal year 2021.
According to sources, the total revenue collection target for May was Rs358 billion which was surpassed by Rs28 billion to be Rs386 billion. This is an increase of 69 per cent compared to May 2020 when the collection was Rs229 billion
The FBR suggests a growth rate of 17 percent from last year. The target for July 2020-May 2021 period was Rs3.994 trillion while Rs4.167 trillion were collected in net revenue. This indicates an increase of Rs173 billion or 4.33 per cent.
As per sources, when preparing the budget for FY21, the government assured the International Monetary Fund (IMF) that the revenue collection target is Rs4.96 trillion as compared to Rs3.99 trillion for FY20, indicating an increase of 24.4 per cent. However, IMF revised the target to be Rs4.691 trillion for fiscal year 2020-21.
For more news, visit Graana.com
Islamabad: The chairman of the Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali…
Peshawar: The Khyber Pakhtunkhwa government is exploring plans to construct a 31-kilometre outer ring road…
Islamabad: The National Highway Authority (NHA) has spent more than half of its development budget…
Karachi: A high-level meeting chaired by Sindh Minister for Local Government Syed Nasir Hussain Shah…
Riyadh: Saudi Real Estate Co. (Al Akaria) has signed a long-term lease agreement with Amsa…
Rawalpindi: The divisional administration has begun acquiring land for the Rs5 billion Thalian Interchange, a…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
