FBR collects record Rs6tr in FY22

The Federal Board of Revenue raised Rs6,000 billion in revenue during the fiscal year 2021-22. — Geo News/ file 

ISLAMABAD: In a major achievement, the Federal Board of Revenue (FBR) raised a record Rs6,000 billion in revenue during the outgoing fiscal year 2021-22.

In a statement, the FBR said that it raised Rs2,205 billion as income tax, 2,773 billion as sales tax and Rs1,007 billion as customs duty in the current fiscal year. During the same period, the tax collection body also released Rs305 billion as a refund.

Shaukat Tarin gives credit to Imran Khan

Former finance minister Shaukat Tarin said that FBR achieved the revenue target due to the economic progress and the policies adopted by the Imran Khan government.

He maintained that the government should not abandon the tax policies of the previous government. Tarin was of the view that the government should not impose additional taxes on the existing taxpayers.

Productive sectors of the economy should not be slapped with heavy taxes, he added.

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Muhammad Umarhttp://360news.online
Muhammad Umar Blogger and Writer at 360news.online. He had a great grip on south Asia Political and current affair Issues..

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