The Federal Board of Revenue (FBR) has released preliminary details of revenue collected in the first ten months of the current financial year.
The FBR has achieved a net revenue of Rs 3780 billion from July to April, which is Rs 143 billion, more than the target of Rs 3637 billion sets for the period.
Net revenue for the same period last year has increased by 14% as compared to Rs. 3320 billion.
The FBR has also released April figures.
As per the details, the revenue net collection in April stood at Rs 384 billion while the required increase was Rs 242 billion.
This is an increase of 159 percent over the target and a net increase of 57 percent over the net revenue of Rs 240 billion achieved in April last year.
The 57% increase in April compared to the previous year is a historic one, which is more than the 46% increase, achieved in March.
In the first ten months of the current financial year, the gross revenue stood at Rs. 3976 billion as against Rs. 3438 billion in the previous year and increased by 16%.
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