The Federal Board of Revenue (FBR) has collected taxes more than 32 percent of its target during the first six months of the Fiscal Year 2021-22.
Farrukh Habib while taking to Twitter said that during the second quarter of FY2021-22, a 32 percent increase in tax collection is being witnessed bringing the collected revenues to Rs2920 billion.
“This is Rs287 billion more than the tax target of Rs2633 billion in six months,” he said and added that it happened owing to growth in economic activity and better collections from the FBR.
He said that during the last fiscal year, Rs2204 billion was collected during the same period. “The month of December 2021 saw a revenue collection of Rs600 billion,” he said.
The Pakistan Tehreek-e-Insaf (PTI) led federal government on Thursday tabled Finance (Supplementary) Bill 2021 — or the mini-budget in the National Assembly for approval.
The Finance (Supplementary) Bill 2021 was tabled by Federal Finance Minister Shaukat Tarin in the lower house amid protest by the opposition members.