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.
Cricketer Junaid Zafar Khan dies of medical emergency during hot Adelaide match
- 4 hours ago
Anthropic’s plan to win the AI race
- in 4 hours
Trump administration begins mass layoffs at Voice of America and US-funded media outlets
- 4 hours ago
Pakistan, WB reaffirm commitment to economic reforms and sustainable development
- 3 hours ago
PTI to participate in National Security Committee meeting
- 4 hours ago
Three Khawarij militants killed in Khyber District operation: ISPR
- 3 hours ago
Over 220 health facilities at risk of closure in Afghanistan, says WHO
- 4 hours ago
Gold glitters, historic high in Pakistan
- 8 hours ago
Weekend US tornadoes leave at least 40 dead
- 8 hours ago
Pakistan's tallest man, Nasir Soomro, passes away in Shikarpur
- 4 hours ago
Houthis launch twin attacks on USS Harry Truman
- 8 hours ago
Five family members of SHO injured in grenade attack in Khuzdar
- 6 hours ago
