Karachi, June 30, 2023 — The Sindh Revenue Board (SRB) has achieved a remarkable milestone by collecting a record-breaking revenue of Rs185.3 billion during the fiscal year 2022-23, surpassing its assigned target for the second consecutive year.
This achievement highlights the effectiveness of SRB’s strategies and the dedication of its workforce in generating substantial revenue for the region.
In an official statement released on Friday, the SRB announced that it had exceeded its revenue goal, marking a significant milestone in its 13-year history of revenue collection operations. The month of June 2023 witnessed a remarkable monthly revenue collection of Rs. 24 billion, the highest ever recorded by SRB since its inception.
Throughout the fiscal year 2022-23, SRB showcased exceptional performance by collecting a total revenue of Rs. 185.3 billion, surpassing the assigned revenue target of Rs. 180 billion by Rs. 5.3 billion. This represents a remarkable growth of 21% compared to the previous fiscal year’s revenue collection of Rs. 153.5 billion in 2021-22.
The success of SRB’s revenue collection efforts is particularly noteworthy considering the challenging circumstances faced by the region. Despite the adverse effects of devastating floods in Sindh, an economic slowdown, and the absence of new taxes due to Sindh’s tax-free budgets, SRB demonstrated an impressive performance in revenue collection.
The extraordinary achievement can be attributed to the relentless dedication and steadfastness of SRB’s workforce. The SRB team worked tirelessly to ensure effective tax administration and maximize revenue collection. Their commitment and hard work played a crucial role in surpassing the revenue targets.
The SRB expressed its heartfelt gratitude to the taxpayers for their trust and cooperation throughout this journey. The taxpayers’ commitment to fulfilling their tax obligations has been instrumental in the success of SRB’s revenue collection efforts. The Board also acknowledged the continuous support and encouragement provided by the Government of Sindh, which played a vital role in facilitating SRB’s operations.
With these impressive results, SRB remains committed to its mission of “generating revenue for the people.” The Board will continue its efforts to streamline tax administration, enhance transparency, and encourage voluntary compliance among taxpayers.
The outstanding performance of SRB in surpassing revenue targets for two consecutive fiscal years sets a new benchmark for revenue collection in the region. It reflects the effectiveness of SRB’s strategies and the commitment of its workforce, paving the way for sustained economic growth and development in Sindh. The achievement also signifies the potential for continued progress and prosperity in the region through effective tax administration and revenue generation.
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