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Tax collection grows 11.4% to Rs3.751 trillion in 2017-18: FBR

ISLAMABAD: The net revenue collections by the Federal Board of Revenue (FBR) recorded increase of 11.4 percent during Fiscal year 2017-18 as compared to the corresponding period of last year, however the board fell short of collection target during the fiscal year. The Federal Board of Revenue collected revenues of Rs3751 billion during fiscal year 2017-18 against the collection of Rs3368 billion during FY 2016-17, according to provisional figures released by the board here on Monday. The collection excludes the…

Federal budget will reflect inclusive economic growth: Dar

ISLAMABAD: Finance Minister Ishaq Dar on Thursday said that upcoming federal budget 2017-18 would reflect the government's resolve for sustainable and inclusive economic growth. Chairing a meeting to review preparations for the budget, he directed suggestions received from different stakeholders should be taken into consideration in finalising the budget document. The finance minister emphasised that all budget related activities should be undertaken in accordance with the agreed time line.