Pakistan's FBR exceeds tax collection target by 30% in 7.5 months, collecting PKR 5,150 billion, with income tax up 40% and sales tax up 19%.
Pakistan's Federal Board of Revenue (FBR) has surpassed its tax collection target by 30% for the first seven and a half months of the current financial year, collecting a record PKR 5,150 billion. The FBR reported notable increases across various tax categories, including a 40% surge in income tax and a 19% rise in sales tax. The growth in revenues has been attributed to a revived GDP and tighter scrutiny of FBR collection.
February 20, 2024
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