FBR's Tax Collection Soars To Over Rs 3130 Billion This Year
Umer Jamshaid Published August 09, 2016 | 11:17 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 9th August, 2016) : Federal board of Revenue (FBR) collected more than Rs 3,130 billion in the financial year 2015-16 as per figures consolidated and reconciled by Accountant General Pakistan Revenues (AGPR), surpassing the revenue collection target of Rs 3,104 billion set for the year. The FBR made a net collection of more than Rs 3,130 billion for the year ending June 30, 2016 against Rs 2,589 billion collected in the year ending June 30, 2015 thereby registering 21% increase, according to an FBR statement issued here on Tuesday.
The FBR collected Rs 1,220 billion as income tax having a growth of 18.1 percent over the last year. The collection of sales tax in this period stood at Rs 1,329 billion with a growth of 22.2 per cent.
Rs 404 billion was collected under the head of customs duty thereby giving an increase of over 30 per cent. Federal Excise duty was collected to the tune of Rs 177 billion thus reflecting an increase of 9.1 per cent over the collection of last year.
Recent Stories
Non-Muslim Pakistanis enjoy freedom, state patronage: Kundi
Dengue Control Committee gathers in Jhang
BHP launches $38.8 billion takeover bid for rival Anglo American
Saudi oil giant Aramco agrees major FIFA sponsorship deal
Awais Leghari meets Chief Minister Sindh
Putin says plans to visit China in May
IHC adjourns cipher case till April 30
Identification specifics required to know about lawmakers put on travel stop lis ..
Court stops PTI founder, his wife from provocative statements against institutio ..
Experts demand stakeholder intervention to boost tax-net, revitalize taxation re ..
Higher taxes, awareness help decrease cigarettes sale in Pakistan
Sindh Minister of Works and Services Ali Hassan Zardari reviews ongoing projects ..
More Stories From Pakistan
-
Non-Muslim Pakistanis enjoy freedom, state patronage: Kundi
10 minutes ago -
Dengue Control Committee gathers in Jhang
10 minutes ago -
Awais Leghari meets Chief Minister Sindh
10 minutes ago -
IHC adjourns cipher case till April 30
10 minutes ago -
Identification specifics required to know about lawmakers put on travel stop lists: Atta Tarar
10 minutes ago -
Court stops PTI founder, his wife from provocative statements against institutions
10 minutes ago
-
Experts demand stakeholder intervention to boost tax-net, revitalize taxation regime
9 minutes ago -
Sindh Minister of Works and Services Ali Hassan Zardari reviews ongoing projects of Building Departm ..
38 minutes ago -
7 ordinances laid in Senate
38 minutes ago -
Implementation of Naan, Roti's revised rates being ensured
38 minutes ago -
Police attack case: ATC discharges PTI leader
38 minutes ago -
Allama Iqbal gave Muslim Ummah a new dimension of thinking, hope: Dar
38 minutes ago