ISLAMABAD: In the first four months of the current fiscal year, the Federal Board of Revenue (FBR) collected Rs1,841 billion in taxes.
According to preliminary figures issued by the FBR, tax collections from July to October 2021-22 surpassed the target of Rs1,608 billion by Rs233 billion.
From last year’s Rs1,347 billion in tax revenue, this year’s collection increased by 36.6 percent.
The FBR collected Rs440 billion in October this year, compared to Rs337 billion the previous year.
The FBR said it issued Rs91 billion in reimbursements for the first four months of the current fiscal year, compared to Rs66 billion the previous year.
Prime Minister Imran Khan thanked the Federal Board of Revenue for meeting a tax collection target of Rs 1,840 billion in the current fiscal year’s July-October period.
He stated on Twitter, “I wish to congratulate FBR for attaining tax collection of Rs 1,840 billion for July/October, which is 37% higher than last year.” He also stated that tax collection in October exceeded the monthly objective.