ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs422 billion during first 29 days of December 2020 against assigned target of Rs541 billion, reflecting a shortfall of Rs119 billion. Sources told Business Recorder Tuesday that the FBR was expected to achieve the assigned monthly target of Rs541 billion by the end of December 2020.

Now, the tax machinery is required to collect an amount of Rs119 billion in the last two days to meet the target of Rs541 billion.

In order to meet the target of Rs2.210 trillion during the first half (July-December) 2020-2021, it is necessary to meet this target of Rs541 billion.

Against the target of Rs348 billion for November 2020, the FBR has collected Rs347 billion during the last month.

The revenue collection target for October was fixed at Rs352 billion. The target for July was fixed at Rs243 billion, whereas, the target for August was Rs308 billion. The tax collection target for September was fixed at Rs418 billion.

Copyright Business Recorder, 2020