The Federal Board of Revenue (FBR) has exceeded the assigned monthly revenue collection target of Rs 180 billion for August 2014 by provisionally collecting over Rs 181 billion during current month. Sources told Business Recorder here on Friday that the FBR has provisionally collected over Rs 181 billion during first 29 days of August 2014 against assigned monthly revenue collection target of Rs 180 billion, reflecting an increase of over and above Rs 1 billion.
The revenue collection figures would further increase on compilation of final figures in coming days. The FBR has achieved the revenue collection target of Rs 180 billion assigned for the current month of August 2014. Despite slowdown in economy and ongoing political situation, the tax machinery has been able to achieve the assigned revenue collection target for August 2014.
Chairman FBR Tariq Bajwa and FBR Senior Member Inland Revenue Shahid Hussain Asad are performing their routine official duties on daily basis despite blockage of routes by Azadi and Inqilab marches of Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) on the Constitution Avenue. The effective monitoring of the tax authorities enabled the Board to amass the revenue collection target.
The revenue collection of Rs 181 billion in August 2014 also confirmed the fact that the people have rejected the civil disobedience call by PTI. The entire business community has already rejected the said civil disobedience call, sources said. According to the provisional revenue collection figures compiled by the FBR here on Friday, the tax machinery has collected over Rs 180 billion during first 29 days of August 2014 against Rs 117 billion in same period last fiscal year.
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