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Customs Islamabad receives Rs430m more revenue than allocated target

Customs Islamabad receives Rs430m more revenue than allocated target

ISLAMANAD: The Model Customs Collectorate Islamabad got Rs430million surplus revenue of Withholding Tax against an assigned revenue target for six months (July to December) of Fiscal Year 2017-18.

According to details explained by Saeed Khan Jadoon, Collector Model Customs Collectorate (MCC) Islamabad, that, during above said period, the collectorate demonstrated a good performance under the head of Withholding Tax (WHT). He added that the collectorate earned Rs517.00million of additional revenue against the same period of corresponding FY16-17 as it received Rs1255.00million of WHT during the same period of FY16-17.
The Collector MCC Islamabad told Customs Today that, during first six months of FY17-18, the collectorate showed 132.03% growth against a revenue collection of WHT whereas the collectorate posted Rs141.20% average achievement by collecting revenue under the same head during above said period against first six months of the corresponding FY16-17.
The collectorate displayed 171.61% average of growth against an allocated revenue collection target for first six months of FY17-18 under all the heads against an earmarked revenue collection target while it demonstrated 183.95% average of achievement during the first six months of FY17-18 against the same period of previous FY16-17.