Zaidi content with October tax figures

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The Federal Board of Revenue (FBR) collected Rs320 billion in taxes during the month of October, a 16 per cent increase in revenue collection when compared to the corresponding period of last year, said FBR Chairman Syed Shabbar Zaidi.

“Alhumdullilah, FBR has collected Rs320 billion during the month October 2019 and has maintained overall increase over last year of 16pc and domestic tax over 25pc,” Zaidi twitted on Thursday. “This is after taking into account negative aspect of import contraction of around Rs50 billion.”

In another tweet, he said, “FBR reiterates its query relating to cases of ‘Bond Washing’ for T-Bills under trust to avoid deduction of withholding and strongly reaffirms its position that there is no issue banking secrecy law in this respect. Banks are suggested to divulge such information soon.”

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