Islamabad: The Federal Board of Revenue (FBR) has been able to collect PKR 320 billion in revenue during the month of October, a news source reported. This figure has been calculated after taking into account the negative aspect of import contraction, the sum of which amounts to PKR 50 billion.
The FBR has been able to maintain an overall increase over last year’s revenue by 16%. An increase of more than 25% in domestic taxes has also been recorded. This information was provided by the FBR Chairman Syed Shabbar Zaidi via his social media account on Twitter.
The revenue board has been taking various initiatives to increase the overall tax collected in the country. One such scheme was the collection of tax through point of sale (POS) systems in order to bring mega-retailers and shopping malls into the tax net.
