The overall revenues grew by 31% during the first eleven months (July-May) of the fiscal year 2023-24 as compared to the same period last year
Islamabad: The Federal Board of Revenue (FBR) exceeded its revenue target by collecting Rs.760 billion during the month of May 2024 against the target of Rs. 745 billion, the board said in a press release issued here Friday.
The overall revenues grew by 31% during the first eleven months (July-May) of the fiscal year 2023-24 as compared to the same period last year.
On year-on-year basis, the collections in May 2024 witnessed remarkable growth of 33% as compared to May 2023. The growth in domestic taxes has been 43% during the month which is very impressive, the statement said adding it has been the policy of the government to mobilize more resources from the domestic taxes.
Team FBR has put in a lot of effort to achieve assigned revenue targets, it added. The Chairman FBR appreciated the determination and hard work depicted by FBR officers and officials.
FBR is poised to achieve assigned target for the last month of the current financial year June, 2024, the statement added.
Jaffar Express resumes operations after terrorist attack
- 10 hours ago
Army Chief stresses need for national unity in fight against terrorism
- 4 hours ago
JI chief offers help for Afghanistan talks, slams govt’s approach to national security
- 10 hours ago
Gold prices hit historic highs amid global economic concerns
- 9 hours ago
Sindh announces holiday for educational institutions on March 22
- 6 hours ago
Somali militants attack presidential convoy, president escapes unhurt
- 4 hours ago
Pakistan vows full force against terrorism in recent security meeting
- 7 hours ago
Mustafa Amir murder case: Father and son clash in court during case hearing
- 8 hours ago
Nagpur riots: Hindu extremist group demands destruction of Aurangzeb's tomb
- 9 hours ago
Dollar surges as forex markets struggle amid IMF delays, economic pressures
- 7 hours ago
Ruet-e-Hilal Committee to meet on March 30 for Shawwal moon sighting
- 6 hours ago
Virtual learning introduced at Balochistan universities amid growing security risks
- 4 hours ago
