SRB collects Rs57 billion in first half

SRB collects Rs57 billion in first half

KARACHI: Sindh Revenue Board (SRB) has collected Rs57.02 billion during first half (July – December) of the current fiscal year as compared with Rs49 billion in the same half of the last fiscal year, showing an increase of 16 percent.

The SRB has been assigned Rs135 billion collection target for the current fiscal year, which means the revenue body needs another Rs78 billion during the remaining half to achieve the target.

However, the SRB said that it was focusing focused to achieve the assigned revenue target of Rs135 billion for the current fiscal year, despite all the adverse factors such as low economic growth and the resurgence of COVID-19.

During the month of December 2020, the SRB posted 25 percent growth in revenue collection for the month and the collection is record high in a month during the first half since SRB started collection in 2011/2012.

The SRB said that during the month of December 2020, the board made a record revenue collection of Rs11.75 billion as compared to Rs9.39 billion collected during December 2019 thus registering a growth of 25 percent.

The revenue collection during December 2020 is the highest ever collection in any of the months in the first half of the financial year, since SRB started collecting sales tax on services in 2011/2012.

The SRB said that the success in achieving the phenomenal revenue growth of 25 percent during December 2020, has been attributed to the conducted trust and cooperation of the SRB taxpayers, the continuous support by the government of Sindh and the restless efforts of the SRB officers and staff.

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