FBR misses the target

LAHORE: (Web Desk) The Federal Board of Revenue (FBR) has collected Rs4.725 trillion in taxes in the last fiscal year at a growth rate of 18% but lower than the original tax target.

The present government avoided using arm-twisting measures and instead it opted enforcement tools that helped it to show double-digit growth.

During the firscal year 2020-21 the FBR collected Rs4.725 trillion up by Rs725 trillion or 18% over the collection in the preceding year, according to the figures compiled by the FBR.

The collection, however, fell short by Rs238 billion against the original target of Rs4.963 trillion set at the start of the fiscl year.

Note: This news was reported by an English Daily.