FBR Setting a Promising Tone for Financial Year 2023-24
Amid all the economic challenges faced by the country, FBR has successfully surpassed the revenue target for the month of July-2023 and has even shown a robust 16.6% growth as compared to the corresponding month of last year. As against the set target of Rs. 534 Billion, net revenue of Rs. 538 Billion has been collected, despite issuance of refunds amounting to Rs. 49 Billion. Direct taxes continue to show a remarkable growth of 30% during the current month. Inland Revenue Taxes has shown a healthy growth of 18% as compared to last July and FBR team is optimistic with...
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