PM Khan commends FBR on record tax collection of Rs850b in July-August

ISLAMABAD: Prime Minister (PM) Imran Khan on Wednesday expressed the confidence that the Federal Board of Revenue (FBR) will comfortably achieve the annual tax collection target of 5,829 billion rupees.

In a Tweet, PM Khan said the FBR has collected 850 billion rupees during the first two months of the current fiscal year, exceeding its own target figure by twenty-three percent.

Good news on tax collection. FBR collected Rs.850 bn during July & August 2021, exceeding its own target figure by 23% & reflecting growth of 51% in revenue over same period last yr. At present rate, annual collection target of Rs.5,829 bn will be comfortably achieved InshaAllah.

— Imran Khan (@ImranKhanPTI) September 1, 2021

He said this reflects a growth of 51 percent in revenue over the same period last year.

Earlier, PM Imran Khan had lauded the Federal Board of Revenue’s (FBR) efforts in achieving a “historic level of tax revenues of Rs4,732 billion in fiscal year 2020-21”.

Read more: FBR’s ‘historic’ tax collection in FY2020-21 testimony to ‘strong economic revival’: PM

Taking to Twitter, Prime Minister Khan had said the FBR tax collection in the last fiscal year exceeded the revised target of Rs4,691 billion and was 18 per cent higher than last year.