PRA’s revenue rises 24pc YoY to Rs9.4bn in October

LAHORE: The Punjab Revenue Authority has collected unprecedented revenue of Rs9.4 billion in October 2020, as against the revenue of Rs7.6 billion in October 2019, registering a growth of 24pc.

On a cumulative basis, the PRA collected Rs35.46 billion during the July-October 2020 period, as compared to Rs32.29 billion in the same period last year, showing a growth of 9.74pc.

It is pertinent to mention that this continued growth in revenue collection was achieved amid the negative impact of Covid-19 on the economy.

The Punjab government had reduced the rate of tax for over 20 services from 16pc to 5pc in the last quarter of the previous fiscal.

The PRA chairperson, in his appreciation message, praised the efforts of officers and has motivated them to show a better performance in coming month.

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