FBR collected Rs527.20 billion in February, says FM Ishaq Dar.

The Federal Board of Revenue (FBR) collected Rs527.20 billion in tax in February, representing a 17% increase over the tax collection body’s objective.

In a tweet, Finance Minister Ishaq Dar stated that February’s tax collection saw a 17 percent increase over the target.

AlhamdoLilah!
FBR achieved revenue target for Feb 2023 by collecting Rs 527.2 billion, registering growth of 17% compared to same month last year.

Cumulatively, FBR has collected Rs 4,493 billion in first eight months of CFY23 against Rs 3,820 billion in the corresponding…1/2

— Ishaq Dar (@MIshaqDar50) March 1, 2023

From July through February of the current year, the FBR collected Rs4.493 billion in taxes, an increase of 18% over the same month the previous year.

However, the amount collected fell short of the goal of Rs4.706 trillion in the first eight months of 2022–23 by Rs214 billion (4.54 percent), or Rs4.492 trillion. The tax authorities reported a 17.9pc increase in revenue above the Rs3.810tr collected in July through February 2021–2022.