Govt achieves petroleum levy tax target for FY24

MG News | June 05, 2024 at 01:18 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 05, 2024 (MLN): The government has achieved the petroleum levy tax collection target for the fiscal year 2023-2024 within the first eleven months.

The set target for current fiscal year was Rs869 billion, with the government collection likely to have reached Rs902bn in 11MFY24.

With June's revenue collection, the end-year collected is expected to be around Rs1 trillion.

To note, the Federal Board of Revenue (FBR) has collected a total revenue of Rs8.12tr in 11MFY24.

The total revenue collection witnessed a growth of 30.8% compared with the collection of Rs6.21tr in 10MFY23.

Copyright Mettis Link News

Related News

Pakistan steps up business reforms to attract local, foreign investment

PM urges banks to boost financing for agriculture, SMEs, housing

Govt targets lower energy costs, easier business regulations

Name	Price/Vol	%Chg/NChg
KSE100	171,943.60 158.72M	-0.40% -698.56
ALLSHR	104,321.41 475.66M	-0.32% -337.01
KSE30	51,172.13 54.01M	-0.47% -242.51
KMI30	244,613.98 54.36M	-0.61% -1493.10
KMIALLSHR	67,557.66 293.76M	-0.40% -268.80
BKTi	47,953.70 27.40M	-0.37% -178.53
OGTi	34,968.31 4.83M	-0.32% -113.75

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,025.00	79,955.00 78,145.00	440.00 0.56%
BRENT CRUDE	100.26	101.58 98.80	2.34 2.39%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	2.10 1.64%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	1.25 0.90%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	95.24	96.82 93.76	2.21 2.38%
SUGAR #11 WORLD	18.35	18.47 18.08	0.25 1.38%