Wednesday, June 19, 2024

FBR Exceeds May Revenue Target, Records 33% Growth

The Federal Board of Revenue (FBR) announced that it surpassed its revenue target by collecting Rs. 760 billion in May 2024, exceeding the set goal of Rs. 745 billion. This achievement marks a remarkable 33% growth compared to May 2023.

In a press release issued on Friday, the FBR highlighted that overall revenues for the first eleven months (July-May) of the fiscal year 2023-24 grew by an impressive 31% compared to the same period last year. The statement particularly emphasized the outstanding 43% growth in domestic taxes during the month of May, attributing it to the government's policy of mobilizing more resources from domestic taxes.

- Advertisement -

The success was attributed to the concerted efforts of Team FBR, with Chairman FBR acknowledging the determination and hard work demonstrated by FBR officers and officials. Looking ahead, the FBR expressed confidence in achieving the assigned target for the final month of the current financial year, June 2024.

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

For the most recent updates, don't forget to follow us on Twitter @Headline_pk. You can also find us on Facebook, Instagram, and YouTube.

 

 

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Latest stories

-Advertisement-

Highlights of the Week
Related

Federal Cabinet Approves Up to 25% Salary Increase for Government Employees

The federal cabinet has approved an increase of up...

Govt Reduces Petrol by Rs 10.2 / Litre, Diesel Rs 2.3

The federal government announced a reduction of Rs. 10.20...

Toll tax on Karachi roads to improve KMC: Salman Abdullah

Deputy Mayor Salman Abdullah Murad announced on Thursday that...

Budget 2024-25: Government Promotes Green Energy with Discounts on Solar Panels

The federal government has decided to offer discounts on...
-Advertisement-