FBR on track to achieve Revenue Targets for FY ‘18

Federal Board of Revenue remains on track to achieve annual collection target of Rs 4,013 billion.

FBR during the six months recorded provisional net revenue collection of over Rs. 1,722 billion as against Rs. 1,466 billion collected during the same period of the previous fiscal year,

Revenue collection recorded an increase 17.5 percent during the period under review. Refunds during last period have been issued to the tune of Rs 58 billion as against Rs 45 billion issued during this year depicting an increase of 28%

The provisional collection for the month of December 2017 was 417 billion as against 382 billion collected during December, 2016 showing an increase of around 39 billion.

As of December 31, 2017 nearly 1,158,380 tax returns were filed as against 953,410 returns filed up to December 31, 2016.