Peshawar: The Khyber Pakhtunkhwa (KP) Excise, Taxation & Narcotics Department collected over PKR 3.4 billion in taxes for the Fiscal Year (FY) 2018-19, a news source reported. KP Excise Taxation & Narcotics Control Director General (DG) Syed Fayaz Ali Shah revealed this information, stating that the department collected a total sum of PKR 3.456 billion.
Addressing a press conference at his office, the DG said that a major portion of the collected taxes came from urban immovable property tax. He added that in this tax category, KP Excise department collected a total of PKR 1.285 billion against a target of 1.1 billion.
The DG also informed the press conference that the department had a set target of collecting PKR 3.364 billion in taxes during the previous FY. He added that it surpassed the target by collecting over PKR 3.4 billion.
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