FBR surpasses revenue collection target by Rs34bn in April 2021

KARACHI: Federal Board of Revenue (FBR) surpassed its revenue collection target by Rs34 billion to Rs384bn in April, 2021. April has emerged as the second consecutive month when the FBR revenue collection surpassed the projected monthly target despite Covid-19 impact on all segments of economy. The net collection for April… Continue reading

A separate Sales Tax Group on the cards

KARACHI: The government is planning to segregate Sales Tax from the Inland Revenue forming a new group, sources said. The decision in this regard is expected in the coming week. It was in the agenda of last week’s cabinet division meeting, but the issue was not taken up. However, the… Continue reading