FBR HAS SURPASSED THE REVENUE TARGET SET FOR APRIL 2008.
| 1. FBR has surpassed the revenue target of Rs. 74.3 billion assigned for April 2008. 2. The provisional tax collection for April 2008 has achieved an overall growth of 26.2%. The net collection during April 2008 has been Rs. 75.1 billion against Rs. 59.5 billion during April 2007. The revenue on account of direct taxes has risen sharply from Rs. 15.1 billion last April to Rs. 23.8 billion in April 2008 reflecting a growth of 57.7%. The sales tax collection has jumped to Rs. 31.4 billion as against Rs. 27 billion of last April showing a growth of 16.5%. While sales tax on import stage has decreased by 7.6% due to zero-rating of crude oil, the increase in the domestic component is 48.6%. The collection of federal excise duties has increased by 10.1%, increasing from Rs. 7 billion to Rs. 7.7 billion. Finally, a healthy growth of 16.8% has been recorded in the collection of customs duties where the net receipts have reached Rs. 12.2 billion against Rs. 10.4 billion of last April. 3. The July – April collection of FBR now stands at Rs. 755 billion as against Rs. 656.5 billion of corresponding period of last year showing a growth of 15%. 4. The provisional figures of April are expected to increase further during the next few days |
Khawar Khurshid Butt
Member FATE / Official Spokesman, FBR
Member FATE / Official Spokesman, FBR
Apr 30, 2008
