ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 659.2 billion in the first month (July) of the current FY 2024-25 against the set target of Rs 656 billion.
The board has issued refunds amounting to Rs 77.9 billion, according to a FBR press release on Wednesday.
During the month under review, Rs. 300.2 billion was collected under the head of Income Tax, Rs. 307.9 billion under the head of Sales Tax, Rs. 37.4 billion under the head of Federal Excise Duty, and Rs. 91.7 billion under the head of Customs Duty.
FBR has exhibited a promising start for the financial year 2024-25 regarding revenue collection, by putting in an outstanding effort to achieve the monthly tax target despite all the economic challenges faced by the country.
The performance of FBR amidst the current financial and economic difficulties reflects the unwavering dedication of the tax officials to achieve the assigned target for the current financial year.
