FBR currently Rs44bn short of March collection target

MG News | March 30, 2024 at 06:08 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 30, 2024 (MLN): The Federal Board of Revenue (FBR) has collected Rs835 billion as of March 29, 2024, around Rs44bn short of its monthly target.

It is worth highlighting here that the International Monetary Fund (IMF) had given a target of Rs835bn to be collected in March 2024.

To bridge this gap, banks have been authorized to open on Saturdays and Sundays, which are the last two sessions available.

Expectations are such that this change will likely catch up the difference between the collected amount and the target.

To recall, the central bank on Thursday extended banking hours till 4:00pm on Saturday, March 30, 2024, and Sunday, March 31, 2024, for collection of taxes through Alternate Delivery Channels (ADC’s) Over-the-Counter facilities.

Meanwhile, on a cumulative basis, the revenue collection of FBR still remains on track as the board has collected around Rs6.707 trillion during the period from July to March 2024 (8MFY24), Rs41bn higher than the set target of Rs6.666tr.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,089.28 109.91M	-0.21% -352.63
ALLSHR	101,117.40 308.32M	-0.15% -155.10
KSE30	49,841.71 50.59M	-0.28% -142.15
KMI30	240,372.43 78.75M	-0.02% -45.72
KMIALLSHR	65,518.16 188.07M	-0.05% -35.70
BKTi	46,228.77 7.60M	-0.60% -281.04
OGTi	33,974.66 4.20M	-0.27% -91.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	82,885.00	83,705.00 81,750.00	935.00 1.14%
BRENT CRUDE	103.79	105.09 102.33	-0.49 -0.47%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.75 0.59%
ROTTERDAM COAL MONTHLY	143.40	143.40 143.40	-1.15 -0.80%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	91.16	92.17 90.01	-0.33 -0.36%
SUGAR #11 WORLD	20.27	20.44 20.09	0.12 0.60%