FBR collects Rs5.4tr in taxes
The Federal Board of Revenue (FBR) collected Rs5.35 trillion in taxes in 11 months of the current fiscal year, leaving it with the task of collecting another Rs750 billion in June to achieve the revised target that had been set after imposing the mini-budget.
The FBR generated Rs5.35 trillion in taxes during July-May of current fiscal year (2021-22), an increase of nearly 28.4% over the collection made during the same period of previous year, according to an official statement.
In absolute terms, the collection was Rs1.18 trillion more than the previous year.
The previous government of Pakistan Tehreek-e-Insaf (PTI) had agreed with the International Monetary Fund (IMF) to collect Rs6.1 trillion during the outgoing fiscal year and also imposed Rs360 billion worth of new taxes in the mini-budget.
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