Islamabad July 31 2024: Federal Board of Revenue (FBR) has collected PKR 659.2 billion in first month (July) of the current financial year 2024-25 against the set target of PKR 656 billion.
The board has issued refunds of amounting PKR 77.9 billion, said a FBR news release here on Wednesday.
During the month under review, PKR 300.2 billion was collected under the head of Income Tax, PKR 307.9 billion under the head of Sales Tax, PKR 37.4 billion under the head of Federal Excise Duty, and PKR 91.7 billion under the head of Customs Duty.
FBR has exhibited a promising start for financial year 2024-25 regarding the revenue collection, by putting in an outstanding effort to achieve the monthly tax target despite all the economic challenges faced by the country.
The performance of FBR amidst the current financial and economic difficulties reflects unwavering dedication of the tax officials to achieve the assigned target for the current financial year.
