Islamabad: The Federal Board of Revenue (FBR) has maintained a strong performance in tax collection, surpassing the overall target for the first eight months of the fiscal year, as revealed in a news article on February 29.
Despite a slight shortfall in February, the FBR has demonstrated resilience and growth in revenue generation. In February 2024, the FBR collected PKR 681 billion, slightly below the assigned target of PKR 714 billion, resulting in a shortfall of PKR 33 billion. This marks the second consecutive month of a minor deficit in tax collection.
However, it’s important to note that the FBR has successfully met its overall tax collection target for the first eight months of the fiscal year. Surpassing the target of PKR 5,829 billion, the FBR has achieved a remarkable growth of 30% during this period.
As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.
