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FBR assigns Rs 600 billion customs duty collection target for FY2017-18

FBR assigns Rs 600 billion customs duty collection target for FY2017-18

ISLAMABAD: The Federal Board of Revenue (FBR) has set Rs 600 billion revenue collection target under the head of customs duty for the current financial year (2017-18), which is almost 30 percent higher than the last financial year.

A decision to this effect was taken during a recently concluded Chief Collectors and Director General’s conference held at the FBR headquarters. In the conference, Finance Minister Ishaq Dar and Chairman Federal Board of Revenue Tariq Mehmood Pasha lauded the performance of the Pakistan Customs and especially appreciate the role of Member Customs Zahid Khokhar and his team for collecting record revenue under the head of customs duty. They hoped that the level of performance will be maintained during the current financial year.

It is pertinent to mention here that in last financial year (2016-17) Pakistan Customs was collected Rs. 496 billion in the head of customs duty against the set target of Rs.461 billion. Finance Minister Ishaq Dar and Chairman FBR has empowered to Member Customs Zahid Khokhar that he will be free to make all kind of decisions regarding the customs department, in the interest of the FBR.

During the conference Chairman FBR Tariq Mehmood Pasha has told chief collectors and director general’s that they all will answerable to Member Customs and Member Customs will be answerable to him. Chairman has directed all chief collectors that corruption, misconduct and misuse of powers will not be tolerated they must work with honesty, devotion and dedication.