Islamabad March 31 2022: FBR has collected net revenue of Rs 4,382 billion during July, 2021 to March, 2022 of current Financial Year 2021-22
The collection has exceeded the target of Rs 247 billion.
This represents a growth of about 29.1% over the collection of Rs. 3,394 billion during the same period, last year.
The net collection for the month of March, 2022 realized Rs 575 billion representing an increase of 20.5 % over Rs 477 billion collected in March, 2021.
The amount of refunds disbursed during March, 2022 was Rs.31.9 Billion while in March, 2021 the refunds disbursed were Rs.26.3 Billion, registering an increase of 21.3%
Similarly, refunds worth Rs 229 billion have been disbursed during July, 2021 to March, 2022 compared to Rs 183 billion paid in the same period last year
For the first time ever in the country’s history, Sales Tax on all POL products has been reduced to zero which cost FBR Rs. 45 Billion in March, 2022.
