AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Budget

Pakistan Tax Collection Surpassed PKR 2 Trillion Mark For The First Time in Q1

admin-augaf by admin-augaf
October 1, 2023
in Budget, Business, Finance, News
Reading Time: 1 min read
0
FBR to Target the Rich for Tax Collection through Use of Technology

FBR to Target the Rich through Use of Technology

Share on FacebookShare on TwitterWhatsapp

Islamabad October 1 2023: For the first quarter of current financial year, FBR has collected PKR 2,041 billion (2022: PKR 1,644 billion) against assigned target of PKR 1,978 billion thus exceeding the target by PKR 63 billion.

FBR has also put in exceptional efforts to achieve revenue target for the month of September, 2023. As against a target of PKR 794 billion, FBR was able to collect PKR 834 billion (2022: PKR 688 billion), while refunds amounting to PKR 37 billion were issued compared to PKR 18 billion issued in September, 2022.

However, severe import compression was witnessed during the month of September, 2023. During previous month, taxes at import stage were collected at PKR 299 billion whereas during the current month, taxes at import stage were only PKR 254 billion. FBR was able to make up the shortfall of PKR 45 billion through domestic taxes especially direct taxes.

“Team FBR has put in tremendous work. The sincerity and work ethic displayed by FBR officers and officials were exemplary. Moreover, FBR is committed to not only achieving the assigned target for the coming months of the current financial year but also surpassing it” FBR states.

Tags: FBRFiscal Deficittax collectionTrade
admin-augaf

admin-augaf

Related Posts

Copper, Gold to See Largest Price Boost From A Fed Easing, Goldman Says
Business

Copper Smelters are Facing both Market and Pricing Crises

June 20, 2025
Toyota Unveils Plans for New Battery Tech, EV Innovation
Business

Pakistan Launched EV Policy with Billions in Subsidy to Fight Climate Change

June 20, 2025
Refineries Achieve HSFO Export Target in Just 30 Days
Business

Brent Futures Down $2 as US Delay Decision on US Involvement in Israel Iran Conflict

June 20, 2025
Fair Global Consult Fair Global Consult Fair Global Consult
ADVERTISEMENT

Recent News

Copper, Gold to See Largest Price Boost From A Fed Easing, Goldman Says

Copper Smelters are Facing both Market and Pricing Crises

June 20, 2025
Toyota Unveils Plans for New Battery Tech, EV Innovation

Pakistan Launched EV Policy with Billions in Subsidy to Fight Climate Change

June 20, 2025
Refineries Achieve HSFO Export Target in Just 30 Days

Brent Futures Down $2 as US Delay Decision on US Involvement in Israel Iran Conflict

June 20, 2025
Bank of England raises rates to 2.25%, despite likely recession

Bank of England Maintains Policy Rate at 4.25%

June 19, 2025
Switzerland Enters Era of Zero Interest Rates

Switzerland Enters Era of Zero Interest Rates

June 19, 2025

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Petrol Prices in Pakistan to Return to July 2023 Levels

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Copper Smelters are Facing both Market and Pricing Crises
  • Pakistan Launched EV Policy with Billions in Subsidy to Fight Climate Change
  • Brent Futures Down $2 as US Delay Decision on US Involvement in Israel Iran Conflict

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Copper, Gold to See Largest Price Boost From A Fed Easing, Goldman Says

Copper Smelters are Facing both Market and Pricing Crises

June 20, 2025
Toyota Unveils Plans for New Battery Tech, EV Innovation

Pakistan Launched EV Policy with Billions in Subsidy to Fight Climate Change

June 20, 2025
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.