Abb Takk News

FBR Collects 17pc More Taxes in January

ISLAMABAD: Federal Board of Revenue says it collected 320 billion rupees during the last month, which is 17 percent more than the same month last year.

According to a statement issued by FBR, the last five years data shows that FBR collects almost 50 to 55 percent of its taxes at import stage.

The import compression has brought growth in this component to almost zero. All the growth in taxes is now supported by almost 30 percent growth in domestic taxes, which is an unprecedented growth number in the history of FBR.