FBR achieves 90 percent of revenue target for first two months
MG News | September 01, 2019 at 02:00 AM GMT+05:00
Sep 01, 2019: The Federal Board of Revenue (FBR) has achieved 90 percent revenue collection target set for first two months of Fiscal Year 2019-20.
So far, FBR's target for FY2019-20 has been achieved to the extent of 90%-Rs 580 billion against the target of Rs 644 billion, Chairman FBR Syed Shabbar Zaidi said in a tweet on Saturday.
He said FBR collection for the month of July stood at Rs 297.4 billion despite 8-10 non-working days on account of Eid Al Azha.
Meanwhile minister for Economic Affairs Division Hammad Azhar appreciated the positive results saying "excellent results by FBR by achieving 90% of bold revenue target set for them".
He said the break down in taxes show above 30% growth in collection of inland sales and income tax.
Residual 10% shortfall coming due to policy of import compression that is essential to reduce external deficits, he added.
APP
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 175,285.78 248.39M | 1.02% 1766.97 |
| ALLSHR | 106,536.82 578.97M | 1.02% 1073.42 |
| KSE30 | 52,320.98 90.24M | 1.18% 611.36 |
| KMI30 | 246,775.63 72.73M | 0.99% 2407.71 |
| KMIALLSHR | 68,372.65 345.21M | 0.84% 569.39 |
| BKTi | 49,718.24 37.75M | 1.43% 700.72 |
| OGTi | 35,126.27 7.30M | 0.44% 154.29 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 65,140.00 | 0.00 0.00 | 55.00 0.08% |
| BRENT CRUDE | 85.05 | 86.55 83.32 | 0.32 0.38% |
| RICHARDS BAY COAL MONTHLY | 105.75 | 0.00 0.00 | -1.25 -1.17% |
| ROTTERDAM COAL MONTHLY | 120.00 | 120.00 120.00 | 0.65 0.54% |
| USD RBD PALM OLEIN | 1,135.00 | 1,135.00 1,135.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 80.24 | 80.93 78.19 | 0.90 1.13% |
| SUGAR #11 WORLD | 14.86 | 14.99 14.71 | -0.02 -0.13% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Auto Numbers