FBR collects Rs320 billion in October, revenue collection up by 16pc

[Bilal Raza]

FBR collects Rs320 billion in October, revenue collection up by 16 percent.

ISLAMABAD (Dunya News) – The Federal Board of Revenue (FBR) has collected Rs320 billion revenues during the month of October and maintained overall increase over last year of 16 percent and domestic tax over 25 percent.

FBR Chairman Syed Shabbar Zaidi took to Twitter and told that the development is made after taking into account negative aspect of import contraction of around Rs50 billion.

https://twitter.com/x/status/1189900267355082752
He further said FBR has observed that withholding on commission payments to insurance agents are not being made strictly as required under the law by some insurance companies. Corrective actions are earnestly desired to avoid penal and adverse consequences.

https://twitter.com/x/status/1189921403564371968

FBR collects Rs320 billion in October, revenue collection up by 16pc

FBR collects Rs320 billion in October, revenue collection up by 16 percent.

dunyanews.tv

 

[mhafeez]

ٹارگٹ تو پچیس اضافہ تھا باقی نو فیصد کہاں سے پورا کریں گے ، کون پورا کرے گا؟؟

 

[MainBaghiHon]

ٹارگٹ تو پچیس اضافہ تھا باقی نو فیصد کہاں سے پورا کریں گے ، کون پورا کرے گا؟؟

Bao Jee say

 

[Muhammad Jibran]

Jab tax rate barhadiye jaingay tou yehe houga...... kher jitni currency devalue hoe hai ye izafa is k agay boht kam hai ....
Is peh khush hounay ka faida nahe

 

[back to the future]

Need to streamline the processes
bring into tax net traders wholesalers particularly of central punjab kpk etc who are paying zilch tax according to a study
The greater resistance will be from this segment who are supporters of noon league for this very reason

 

[mhafeez]

اتنا ہی زیادہ ٹیکس اکٹھا ہورہا ہے تو آئی ایم ایف کے ترلے کیوں ڈالے جا رہے ہیں؟؟
Pakistan requests IMF to cut tax target by Rs300b
​

 

[arafay]

ٹارگٹ تو پچیس اضافہ تھا باقی نو فیصد کہاں سے پورا کریں گے ، کون پورا کرے گا؟؟

telenor license renewal
5G auction
statebank profits
privatization

All these heads together will generate around RS 500 billion. This means FBR target is actually Rs 5000 billion now instead of the initial target of Rs 5500 billion.

 

[mhafeez]

The Rs1.28-trillion collection was 16% or Rs176-billion higher than the previous year but was largely the result of blocking exporters’ refunds and taking advances from big firms. Had the FBR cleared all the sales tax refunds of exporters and not taken advances, its collection would have further dipped to below Rs1.15 trillion.

 

[mhafeez]

telenor license renewal
5G auction
statebank profits
privatization

All these heads together will generate around RS 500 billion. This means FBR target is actually Rs 5000 billion now instead of the initial target of Rs 5500 billion.

All these comes under "other income" head. These are not taxes and we should not be mixed them with taxes.

 

[Kill_Ego]

The Rs1.28-trillion collection was 16% or Rs176-billion higher than the previous year but was largely the result of blocking exporters’ refunds and taking advances from big firms. Had the FBR cleared all the sales tax refunds of exporters and not taken advances, its collection would have further dipped to below Rs1.15 trillion.

Well if this is true then i assume FBR is lying to IMF & cat should be out of the bag very soon. whats your source of this info i.e. real tax collected will come down to Rs1.15 trillion etc.?
Also whats the latest on Platelets?

 

[miafridi]

Well done, hopefully the CAD will be brought to zero so that Pakistan doesn't have to borrow and have less burden on the public in the future years. I wish that the previous government's didn't loot the country and had led Pakistan's growth through it's own resources rather than debt based economy.