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MPS Preview: High for Longer

FBR achieves revenue collection target of Rs5.83tr in 8MFY24

FBR achieves revenue collection target of Rs5.83tr in 8MFY24
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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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Posted on: 2024-02-29T23:12:23+05:00