FBR achieves revenue collection target of Rs5.83tr in 8MFY24
MG News | February 29, 2024 at 11:12 PM GMT+05:00
February 29, 2024 (MLN): The Federal Board of Revenue (FBR) has successfully achieved the revenue collection target for the first eight months of FY24, collecting Rs5.83 trillion, it said on its social media account, X (formerly Twitter).
In the month of February 2024, the FBR collected Rs681 billion as against a collection of Rs519bn a year earlier, registering a growth of 32% YoY.
On a monthly basis, the tax collection remained stable against a collection of Rs680 in January 2024.
Cumulatively, in 8MFY24, the growth was registered at 30% YoY as against the collection in 8MFY23.
| 2022-23 | 2023-24 | % Growth | |
|---|---|---|---|
| July | 462 | 538 | 17 |
| August | 494 | 669 | 36 |
| September | 688 | 834 | 21 |
| October | 516 | 707 | 37 |
| November | 534 | 736 | 38 |
| December | 735 | 985 | 34 |
| January | 545 | 680 | 25 |
| February | 519 | 681 | 32 |
Amount in PKR Billion
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