Abb Takk News

FBR Collects Rs 2900 Billion Revenue From July 2018 To April 2019

ISLAMABAD: Federal Board of Revenue (FBR) collected as many as Rs 2900 billion rupees from period April 2018 to July 2019 while the inflation rate during the period remained 8.8 percent.

The FBR collected more than 2.8 percent as compared to the same period of the previous fiscal year while it received remittances of 17.8 billion dollars during the period which increased by 8.45 percent as compared to the previous fiscal year.

The export of the country remained stood at worth 20 billion dollars while it was decreased by 1.9 percent. Besides that import also witnessed a decline of 4.90 percent.

During the period the trade deficit stood at 23. 93 billion dollars while it reduced by 7.98 percent in respect to the previous year.

The FBR document stated that a worth of1.37 billion dollars investment brought to the country in the 10 month period while it declined by half 51.7 percent as compared to the previous year.

The FBR said that the government took worth of Rs 4967 billion loans from the central bank