Prime Minister Imran Khan has praised the Federal Board of Revenue (FBR) for achieving a historic growth of 41% in revenue collection as it has made record collection of 460 billion rupees in March 2021.
In a tweet, the prime minister said that from July 2020 to March 2021 collections reached Rs3,380 billion which is 10% higher than the same period last year.
“This reflects broad-based economic revival triggered by the government’s prudent policies,” he added.
Now the FBR will have to materialise Rs1,323 billion in the last quarter (April-June) period in order to display the revised target of Rs4,717 billion on its board by June 30, 2021.
As of 28-2-2021, income tax returns for the tax year 2020 have reached 2.8 million compared to 2.6 million last year, showing an increase of 8%.
Meanwhile, FBR’s efforts to broaden the tax base are expanding apace. Early signs suggest such efforts are bearing fruits.
