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Tag: tax collection

FBR Building 02

FBR Collects Rs 5.15 Trillion, Surpasses 7MFY24 Collection Target

January 31, 2024February 1, 2024Mrs. Anjum Shahnawaz

Karachi, January 31, 2024 – The Federal Board of Revenue (FBR) has exceeded expectations by collecting a staggering Rs 5.15 trillion in the first seven months (July – January) of the fiscal year 2023-24, surpassing the assigned target of Rs 5,115 billion.

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Tax Budget

Pakistan Improves Tax-to-GDP Ratio to 4.56% in 1HFY24

January 30, 2024January 30, 2024Shahnawaz Akhter

Karachi, January 30, 2024 – Pakistan has made significant strides in fiscal management as the tax-to-GDP ratio rose to 4.56 percent during the first half (July – December) of the fiscal year 2023-24, according to recent data released by the Ministry of Finance.

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FBR Building 02

FBR Achieves Historic Rs 1 Trillion Mark in Single Month

December 31, 2023December 31, 2023Shahnawaz Akhter

Karachi, December 31, 2023 – The Federal Board of Revenue (FBR), the apex tax collecting agency of Pakistan, has set a historic record by collecting Rs 1 trillion in a single month for the first time in the nation’s history.

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FBR Building 02

FBR Opens Tax Collection Window on Last 2023 Weekly Holidays

December 27, 2023December 27, 2023Shahnawaz Akhter

Karachi, December 27, 2023 – The Federal Board of Revenue (FBR) announced on Wednesday the opening of tax offices across the country on the last two weekly holidays of the year.

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FBR logo

FBR Achieves Impressive 30% Tax Collection Growth in 5MFY24

December 1, 2023December 1, 2023Shahnawaz Akhter

Karachi, December 1, 2023 – The Federal Board of Revenue (FBR) has reported an impressive growth of 30 percent in tax collection during the first five months (July – November) of the current fiscal year 2023-2024.

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Tax Budget

FBR Identifies Challenges in Achieving Rs 9.415 Trillion Target for 2023-24

November 28, 2023November 28, 2023Shahnawaz Akhter

Karachi, November 28, 2023 – The Federal Board of Revenue (FBR) has acknowledged the formidable challenges ahead in achieving the ambitious tax collection target of Rs 9.415 trillion for the fiscal year 2023-24.

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FBR White

Sales Tax Collection Grows Marginally by 2.3% Despite Uniform Rate Increase in FY23

November 28, 2023November 28, 2023Shahnawaz Akhter

Karachi, November 28, 2023 – The collection of sales tax during the fiscal year 2022-23 exhibited marginal growth of 2.3 percent, reaching Rs. 2,591 billion, despite an increase in the uniform sales tax rate to 18 percent.

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FBR Blue

Direct Taxes Lead Fiscal Year 2022-23 Revenue Collection with 46% Contribution

November 28, 2023November 28, 2023Shahnawaz Akhter

Karachi, November 28, 2023 – The Federal Board of Revenue (FBR) has revealed in its fiscal year 2022-23 yearbook that direct taxes emerged as the leading contributor to total revenue collection, accounting for an impressive 46 percent share.

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FBR logo

FBR Achieves Historic Rs 7 Trillion Collection Milestone, Slightly Misses FY23 Target

November 28, 2023November 28, 2023Shahnawaz Akhter

Karachi, November 28, 2023 – The Federal Board of Revenue (FBR) has announced the achievement of a historic milestone by surpassing the Rs 7 trillion collection mark for the first time in the country’s history.

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FBR Building 02

FBR Surpasses 4MFY24 Target, Collects Rs 2.75 Trillion

October 31, 2023October 31, 2023Mrs. Anjum Shahnawaz

Islamabad, October 31, 2023 – The Federal Board of Revenue (FBR) has exceeded its revenue collection target for the first four months of the fiscal year 2023-24, amassing an impressive total of Rs 2.75 trillion.

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