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FBR collects Rs274b in Nov against assigned target of Rs313b

FBR collects Rs274b in Nov against assigned target of Rs313b

ISLAMABAD: Federal Board of Revenue (FBR) collected Rs274 billion taxes during the month of November 2018 against the assigned target of Rs313 billion, recording revenue shortfall of Rs39 billion, it is learnt here.

Official sources told Customs Today that the board is facing tough time while achieving the assigned targets where the board has recorded at least Rs99 billion of revenue shortfall during current five months of Fiscal Year 2018-19.

The board has collected Rs1380 billions of taxes revenue (provisionally) within five months of the current fiscal years while the assigned target from July to November 2018 was Rs1479 billion.

Sources further said that during the month of October 2018, the board collected Rs270 billion against the assigned target of Rs315 billion posting revenue shortfall of Rs45 billion. While during July to October 2018, the board had collected Rs1106 billion against the assigned target of Rs1166 billion, sources confirmed.