The Federal Board of Revenue has collected Rs1.690 trillion during the first five months (July-Nov) of the fiscal year 20-21, collecting Rs17 billion more than the collection target set for the required period.
According to media reports, the overall collection could further increase to Rs1.694 billion after book adjustment.
Profit reported that the department had collected Rs350bn revenue in November, witnessing a growth of 4.4 per cent against last month’s 3.7 per cent.
According to a report in Express Tribune, the five-month target was set at a low level, which was equal to 33.7 per cent of the annual target and considered very low.
The report claimed that the FBR could not achieve the monthly target for the fourth successive month and the five-month target was achieved only due to the better performance of Pakistan Customs.
It is pertinent to mention that the government had fixed Rs4.963 trillion as tax target for the current fiscal year after consultation with the International Monetary Fund.
