WhatsApp Logo Subscribe
For News Alert

News

FBR meets its tax targets thanks to SIFC’s collaboration

By News Desk

April 7, 2024 10:20 AM


File Photo

Twitter Share Facebook Share WhatsApp Share

The Federal Board of Revenue (FBR), in collaboration with the Special Investment Facilitation Council (SIFC), has succeeded in meeting its tax targets, reported 24NewsHD TV channel on Sunday.

The FBR collected Rs6.710 trillion under the head of tax at the end of the third quarter of the current financial year (FY), which are Rs3 billion more than its target of Rs6.707 trillion, by virtue of which the government is expected to achieve the target of Rs9.415 trillion it had set for this FY.

The target set for this financial year is Rs2.219 trillion or 30 per cent more than last year’s Rs7.2 trillion.  

There is a need to restructure the Board to meet the financial requirements of the government.

And there is also a need to resolve all those legal issues which are a stumbling block in the way of its restructuring.

The FBR succeeded in achieving these targets courtesy the efforts made by the SIFC.


News Desk


Most Read

  1. Ali Zafar condemns Dr. Zakir Naik’s perspective on unmarried women to whom he called ‘Bazaari woman’ Ali Zafar condemns Dr. Zakir Naik’s perspective on unmarried women to whom he called ‘Bazaari woman’
  2. Ducky Bhai and wife Aroob Jatoi released after arrest Ducky Bhai and wife Aroob Jatoi released after arrest
  3. Dr Zakir Naik receives mixed reactions over remarks for being in Ducky Bhai's favorite persons' list Dr Zakir Naik receives mixed reactions over remarks for being in Ducky Bhai's favorite persons' list
  4. KP CM Gandapur fires his information adviser Barrister Saif KP CM Gandapur fires his information adviser Barrister Saif
  5. Shaan Shahid responds to host about marrying Reema Khan in live show Shaan Shahid responds to host about marrying Reema Khan in live show
  6. Renowned TV actor Mazhar Ali passes away Renowned TV actor Mazhar Ali passes away