During November 2015, according to provisional figures received so far Federal Board of Revenue has made a net collection of more than Rs. 229 billion as against net collection of Rs. 180 billion made last year

Islamabad, November 30, 2015 (PPI-OT): During the month of November, 2015, according to the provisional figures received so far, FBR has made a net collection of more than Rs. 229 billion, as against net collection of Rs. 180 billion made last year showing an increase of 27%. The target for the current month has therefore been achieved. It is expected that the collection would further increase when the final figures are received.

The revenue collection trend during the month of November 2015 further reinforces, consolidates and even surpasses the marked improvement shown in the first month of the second Quarter of the current year over the trend in the first quarter of the current financial year and augurs well for the efforts of FBR towards achievement of the assigned revenue targets.

From July, 2015 to November, 2015, FBR made a net collection of more than Rs. 1044 billion as against net collection of Rs. 904 billion made last year resulting in an increase of 15%. Upto October 2015 this increase was at 12%. This is after having issued refunds of Rs.36 billion as against Rs. 34 billion issued during first five months of last year. Details of collection in the period of July to November, 2015 as compared to July to November, 2014 are as under:

(Rs in Billion)

Revenue Head            November 2015                           November 2014

                        Gross      Rebate/Refund      Net       Gross      Rebate/Refund      Net

Direct Taxes            397                                     330

Sales Tax               482                                     442

FED                     57                                      58

Customs                 143                                     108

Grand Total             1079            36           1044       938             34            904

For more information, contact:
Mujeeb-ur-Rehman Talpur
Second Secretary (Public Relations)
Federal Board of Revenue (FBR)
FATE Wing, Federal Board of Revenue,
Constitution Avenue, Sector G-5,
Islamabad, Pakistan
Phone: +92 51 921 7267
Fax: +92 51 9208456
Email: mujeeb.talpur@fbr.gov.pk, talpur35@gmail.com