The Federal Board of Revenue (FBR) announced on Friday that it has met the revenue collection target of Rs 200 billion set for April 2020 and collected Rs 256 billion out of revised annual revenue target of Rs 3908 billion for the current Financial Year.
The FBR on Friday released the information about the taxes and duties collected in the month of April 2020.
According to official figures issued on Friday, Rs 256.679 billion taxes and duties have been collected in April 2020 which was Rs 296.567 billion in the corresponding month last year. Likewise the refunds issued in April 2020 are Rs 15.119 billion which was Rs 6.661 billion in the corresponding month last year.
Moreover, the Rs 16 billion exporters refunds, Rs 33 billion arrear refunds and Rs 15 billion duty drawback have also been issued in April 2020.
FBR has also released the information about taxes and duties collected till April 2020 in the current Financial Year which is Rs 3408.83 billion showing an increase of 10.4 percent compared with Rs 3047.951 billion collected last year till April 2019. The refunds of Rs116.961 billion have been issued till April 2020 which was Rs 6.515 billion in the last year till April 2019.
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