Customs duty PKR 215 billion: Inland Revenue collection target fixed at PKR 1,737 billion – Alfalah Securities Limited

Karachi: Federal Board of Revenue (FBR) has set Inland Revenue collection target as PKR 1,737 billion and Customs Duty at PKR 215 billion to meet PKR 1,952 billion target for FY12.

According to Alfalah Securities Limited, the monthly tax estimates for FY12 shared during the conference revealed that the monthly revenue collection target for September has been estimated at PKR 146.1 billion, October PKR 130.7 billion, November PKR 130 billion, December PKR 203 billion, January PKR 136.7 billion, February PKR 133.4 billion and for March has been set at PKR 180.7 billion during FY12. The future of Pakistan is depends a lot on the performance of the FBR in order to reduce dependence on foreign loans by generating funds through internal resources and improving revenue collections to meet current and development expenditure.

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