CBR collects Rs195.1b revenue
By Adnan Rafique

ISLAMABAD—Central Board of Revenue (CBR) has exceeded the revenue collection target of the first four months of current fiscal year and the revenue collection stands at Rs 195.1 billion by 17.1 percent as compared to the corresponding period of the last fiscal.
The revenue collection is Rs 2.8 billion more than the set target of the first four months of the current fiscal and it was Rs 28.4 billion in the corresponding period of the last fiscal.
The collection of direct taxes has reached Rs 57.8 billion showing a growth of 19.2 percent and an overall growth of 21.1 percent was observed in sales tax against the corresponding period of the last fiscal.
Import stage sales tax receipts increased by 16 percent and the sales tax on domestic level has registered a healthy increase of 30.1 percent over the corresponding period last year.
Overall, sales tax collection during the first four months has Rs 84.9 billion against the target of Rs 80.0 billion. The collection on account of custom duties has gone up to Rs 37.7 billion against Rs 32.6 billion during past year indicating a growth of 15.7 percent and federal excise collection stood at Rs 14.7 billion.
The provisional collection of month of October stands at Rs 43.0 billion with the break up of Rs 21.9 billion as sales tax, Rs 9.0 billion as customs, Rs 2.5 billion as federal excise and Rs 9.6 billion as direct taxes.