July-February 2017-2018: 17.65 percent provisional increase in revenue collection

The Federal Board of Revenue (FBR) has provisionally collected over and above Rs 2,259 billion during July-February (2017-18) against Rs 1,920 billion collected in the same period of 2016-17, reflecting an increase of 17.65 percent.
According to details issued by the FBR here on Wednesday, the FBR during the first eight months of the current financial year has recorded a provisional net revenue collection of over Rs 2,259 billion as against Rs 1,920 billion collected during the same period of the previous fiscal year, excluding collection on account of book adjustments. The FBR has recorded an increase of around 17.65% over the revenue collected during the corresponding period of the last fiscal year.
The provisional collection for the month of February 2018 was Rs 263 billion excluding collection on account of book adjustments as against Rs 227.5 billion collected during February 2017. The figure of monthly collection is encouraging and shows an increase of around 16%. The figures of collection received in the treasuries of the remote areas may further swell the revenue figures. The target for the year has been fixed with an annual increase of around 19% over the previous year.
The revenue collection trend during the first eight months of the financial year augurs well for the efforts of the FBR towards achievement of the assigned annual revenue targets.