PRA collects record Rs23.7 billion in April, achieving 26% growth

Punjab Revenue Authority reports Rs214 billion in tax revenue for July-April period, driven by effective outreach and IT systems.

The Punjab Revenue Authority (PRA) has reported a record tax collection of Rs23.7 billion in April, marking a 26% increase compared to the same month last year. 

This achievement comes as part of a broader trend, with PRA collecting a total of Rs214 billion in tax revenues from July to April of the current fiscal year, which represents a 16% increase over the same period last year.

The revenue from Punjab Sales Tax alone stands at Rs199.6 billion, reflecting a 14% growth year-on-year. In addition, the PRA has gathered Rs5.1 billion from the Punjab Infrastructure Development Cess (PIDC), registering a 23% increase, and Rs9.1 billion from the Punjab Workers Welfare Fund, which marks a 43% rise in contributions.

Despite these significant gains, the PRA has not introduced new taxes or increased existing tax rates. 

According to a PRA spokesperson, the success can be attributed to a combination of strategic outreach initiatives, expansion of the tax base, and the adoption of modern IT systems to streamline tax collection processes.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Govt confirms no withdrawal of Export Facilitation Scheme in upcoming budget

Leading export associations and manufacturers raised serious concerns about the scheme during a meeting with the Senate Standing Committee on FinanceÂ