FBR surpasses May revenue target with Rs760bn collection

By MG News | May 31, 2024 at 10:30 PM GMT+05:00

0:00

May 31, 2024 (MLN): The Federal Board of Revenue (FBR) has successfully surpassed its revenue target for May in the fiscal year 2023-24 by collecting Rs760 billion in tax revenues, compared to the set target of Rs745bn, said a statement issued by FBR today.

This represents a growth of 33% compared to May 2023.

Domestic taxes also witnessed a growth of 33% during the month of May.

Overall, in the first eleven months of the current fiscal year, revenue grew 31% as compared to the same period last year.

"FBR is poised to achieve the assigned target for the last month of the current financial year i.e. June 2024, " the statement added.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	130,344.03 345.79M	1.67% 2144.61
ALLSHR	81,023.99 1,021.87M	1.55% 1236.37
KSE30	39,908.26 141.62M	2.05% 803.27
KMI30	189,535.00 150.29M	1.40% 2619.39
KMIALLSHR	54,783.66 508.76M	1.07% 581.78
BKTi	34,940.73 55.86M	4.37% 1464.05
OGTi	28,296.06 16.02M	1.19% 333.47

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,435.00	110,105.00 109,405.00	-850.00 -0.77%
BRENT CRUDE	68.52	69.00 68.49	-0.59 -0.85%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	109.20	110.00 108.25	1.70 1.58%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.87	67.50 66.85	-0.58 -0.86%
SUGAR #11 WORLD	15.56	15.97 15.44	-0.14 -0.89%