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 | 136,502.54 259.91M |
1.64% 2202.77 |
ALLSHR | 85,079.90 838.35M |
1.26% 1061.74 |
KSE30 | 41,552.62 97.27M |
1.81% 738.33 |
KMI30 | 193,330.76 84.69M |
0.39% 741.60 |
KMIALLSHR | 56,315.31 366.02M |
0.43% 243.06 |
BKTi | 38,498.08 37.91M |
4.13% 1526.33 |
OGTi | 28,138.38 5.66M |
-0.36% -101.89 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 122,430.00 | 123,615.00 118,675.00 |
3900.00 3.29% |
BRENT CRUDE | 71.37 | 71.53 70.35 |
1.01 1.44% |
RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
0.25 0.26% |
ROTTERDAM COAL MONTHLY | 108.75 | 0.00 0.00 |
0.05 0.05% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 69.48 | 69.65 68.41 |
1.03 1.50% |
SUGAR #11 WORLD | 16.55 | 16.67 16.49 |
-0.02 -0.12% |
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 |
---|