The Federal Board of Revenue (FBR) has provisionally collected a net revenue of over Rs. 2621 billion during July-March (2017-18) as against Rs. 2260 billion collected during the same period of the previous fiscal year, reflecting an increase of around 16 percent.
The required growth in revenue collection is 19.5 percent to meet the monthly revenue collection target in 2017-18.
According to the details issued by the FBR, the provisional collection for the month of March 2018 was Rs 361 billion excluding collection on account of book adjustments. The figures of collection received in the treasuries of the remote areas may further increase the revenue figures.
Federal Board of Revenue, the during first nine months of the current financial year, has recorded a provisional net revenue of over Rs. 2621 billion, excluding collection on account of book adjustments.
The revenue collection trend during the first nine months of the financial year augurs well for the efforts of FBR towards the achievement of the assigned annual revenue targets, FBR added.