FBR collects Rs423 billion revenue in five months

ISLAMABAD (APP) - Federal Board of Revenue (FBR) has collected Rs 423 billion revenue during the first five months of the current fiscal year, showing a 24.4 per cent increase as compared to the same period of last fiscal, FBR sources told APP. Giving the details about the provisional figures, the sources added that the FBR has collected Rs 68.73 billion for the month of November 2008, taking the overall collection figures to Rs 423 billion as against Rs 340 billion collected during the corresponding period last year. Giving the break-up of the tax collection figures, they said that Rs.137.2 billion were collected in the form the Direct Taxes against the target of Rs.144.5 billion upto November 2008. Similarly, Rs.185.1 billion were collected in the form of Sales Tax against the Target of Rs.173.8 billion, showing an increase of 11.3 percent over the target. He Federal Excise Duty also witnessed an increase of 3 percent over the target.The FED was collected Rs.44.3 billion till November 30,2008 against the target of Rs.41.2 billion. In the head of Custom duty Rs.61.6 billion were collected upto November ,2008 against the target of Rs.53.7 billion, showing an increase of 7.9 percent the sources added.

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