Pakistan’s FBR Collects Record Rs1.427 Trillion in Tax Revenue in December
ISLAMABAD: Pakistan’s Federal Board of Revenue (FBR) collected Rs1.427 trillion in tax revenue in December, marking the highest-ever collection for the month of December in the country’s history, officials said during a briefing to Finance Minister Muhammad Aurangzeb.According to FBR officials, the December collection amounted to 99 percent of the monthly target of Rs1.446 trillion,…
ISLAMABAD: Pakistan’s Federal Board of Revenue (FBR) collected Rs1.427 trillion in tax revenue in December, marking the highest-ever collection for the month of December in the country’s history, officials said during a briefing to Finance Minister Muhammad Aurangzeb.
According to FBR officials, the December collection amounted to 99 percent of the monthly target of Rs1.446 trillion, reflecting a strong recovery in revenue mobilisation.
The Inland Revenue Service (IRS) also recorded robust performance, collecting Rs1.308 trillion against a target of Rs1.310 trillion, achieving 99.8 percent of its goal.
Officials highlighted a sharp month-on-month increase in tax receipts, with collections rising by 59 percent compared to November. In November, tax revenue stood at Rs898 billion, which surged to Rs1.427 trillion in December.
The record-breaking performance is being viewed by the government as a positive signal amid ongoing efforts to stabilise Pakistan’s economy, strengthen fiscal discipline, and meet revenue targets agreed with international financial partners.
