Prime Minister Imran Khan on Saturday commended the Federal Board of Revenue (FBR) on achieving growth of 57 per cent in tax collection in April, 2021.
Taking to Twitter, the prime minister said, “I commend FBR efforts on achieving growth of 57pc in April 2021 with collections recorded at Rs384 billion compared to Rs240bn in April 2020. During July-April, tax collections reached Rs3,780 billion, which is 14pc higher than the same period last year”.
The prime minister said that the rise in FBR revenue indicates that the government policies have led to broad-based economic revival.
I commend FBR efforts on achieving growth of 57% in April 2021 with collections recorded at Rs.384 bn compared to Rs.240 bn in April 2020. During Jul-Apr collections reached Rs.3780 bn – 14% higher than same period last yr. Shows our policies have led to broad-based econ revival.
— Imran Khan (@ImranKhanPTI) May 1, 2021
According to sources, the tax department had collected Rs3,780 billion during the first ten months of the current fiscal year. “FBR achieved its ten-month revenue target, as well as that of the month of April, due to increase in imports,” they said.
The tax department now has to collect Rs911 billion in the remaining two months of the fiscal year 2020-21. Officials are optimistic that the tax department will meet the revised revenue target of Rs4,693 billion easily.
It is pertinent to note that the government has set Rs4,963 billion as revenue target during the current fiscal year, but the International Monetary Fund (IMF) has allowed the government to revise it down to Rs4,693 billion during its review held in March.