PESHAWAR: After successfully achieving the revenue target for the financial year 2019-20, the Khyber Pakhtunkhwa Revenue Authority (KPRA) has planned to collect a revenue of Rs20 billion in the current financial year (FY2020-21).
Chairing a meeting on KPRA’s performance on Tuesday, KP Finance Minister Taimur Salim Jhagra lauded the company for achieving the FY20 revenue target and directed its personnel to continue striving hard to achieve the same in the ongoing financial year.
Earlier, while briefing the minister on KPRA’s performance, the officials said that last year’s revenue would have exceeded the target had there been no outbreak of coronavirus.
It was informed that prior to the coronavirus epidemic, KPRA was showing an average monthly growth rate of 73pc compared to the previous financial year. However, after the outbreak of the epidemic, the two-month growth rate fell to only 15pc.
The epidemic caused the company to incur a deficit of Rs700 million, especially in the construction and tourism sectors.
The minister was further informed that the number of taxpayers registered with the institution had exceeded 11,500 in the last financial year.
Appreciating the authority’s performance, Jhagra said that KPRA has not only earned a good name in a very short span of time but has also gained people’s trust by prioritising the interests of taxpayers.
He stated, “We have to build organizational structures in government institutions on the same principle as the KPRA was constituted. We must also work on creating more facilities for the taxpayers so that the process of registration and filing of returns with the authority could become easier.”
Speaking on the occasion, KPRA Director General Fayyaz Ali Shah said that the authority is currently working on an application through which taxpayers could easily submit their returns.
It is pertinent to mention that KP finance minister holds a detailed meeting every month on the monthly performance of the KPRA and this was the first meeting of FY21.