ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs2.92 trillion during first half (July – December) of the fiscal year 2021/2022 (FY22), according to data revealed on Friday.
The FBR surpassed the half-year target of Rs2.63 trillion by Rs287 billion.
Furthermore, the revenue collection recorded an increase of 32.5 per cent over the revenue of Rs 2.2 trillion during the same period of the last fiscal year.
The net collection for the month of December 2021 was recorded at Rs600 billion showing an increase of 18 per cent over Rs509 billion collected in December 2020.
The number of refunds disbursed during first half of the current fiscal year was Rs148 billion as compared to Rs 111 billion paid last year, showing an increase of 33.0 per cent.