Pakistan’s gross national income rises 46% in H1 FY2023-24

Key driver of this upswing is high revenue collection by FBR

Pakistan’s gross national income has surged by 46% during the first half (July to December) of the current FY2023-24, showcasing an increase compared to the same period last year.

The Ministry of Finance’s data reveals that total national revenue for the first half of the fiscal year reached Rs 6.854 trillion.

Breaking it down further, the second quarter alone witnessed total revenues amounting to Rs 4.168 trillion, marking an uptick from Rs 2.682 trillion recorded in the same period of the preceding fiscal year.

A key driver of this economic upswing is the performance of the Federal Board of Revenue (FBR), which recorded a total revenue of Rs 4.469 trillion.

This figure indicates a 30% growth compared to the same period in the previous fiscal year.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Pakistan’s IT exports could exceed $25b through better utilization of resources:...

ISLAMABAD: Prime Minister Shehbaz Sharif has said that Pakistan's IT exports could exceed twenty-five billion dollars through better utilization of resources and provision of training...