Federal Minister for Finance and Revenue, Miftah Ismail has appreciated the Federal Board of Revenue (FBR) for achieving 28.7 per cent growth in revenue, expressing the hope that the team would perform better and to the expectations of the nation.
“With the right mix of policies and tools I am sure this team will perform even better and to the expectations of the nation,” the minister tweeted.
The finance minister said that the FBR has collected Rs5122 billion in current fiscal year (July-April 2021-22) up from Rs3981 billion during same period of last year, showing a growth of 28.7%.
He said that the board disbursed refunds of Rs264 billion during July to April (2021-22) as compared to Rs 203 billion paid last year, up by 30.1%. “The FBR team deserves appreciation,” he said.
The minister said that a big factor in the increase however was increased imports as sales tax at import stage grew by 58% while it declined by 2% for local goods.
