FBR surpasses May revenue target with Rs760bn collection

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

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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.

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