The Federal Board of Income (FBR) has stated in a press release on Sunday that the FBR has collected 54 billion rupees greater than the goal over the last fiscal yr 2023-2024.
In accordance with a press launch issued by the FBR, the fiscal physique collected revenues of Rs 9306 billion towards the goal of Rs 9252 billion for the monetary yr 2023-24.
The assertion stated that the FBR collected taxes 54 billion rupees greater than the annual goal, whereas additional improve in income is predicted after reconciliation of knowledge.
However, the Central Financial institution of Pakistan “State Financial institution of Pakistan” stated on Sunday that there was a big improve within the switch of earnings earned on overseas funding within the nation through the present monetary yr.
The federal government is prepared to offer earnings tax exemption to the richest sector
Official information company “APP” says that in line with State Financial institution statistics, within the first 11 months of the present monetary yr, overseas buyers transferred 1.805 billion {dollars} overseas within the title of earnings earned on funding in Pakistan. are considerably greater than final fiscal yr.
In accordance with the State Financial institution, in the identical interval of the final monetary yr, overseas buyers transferred 313.1 million {dollars} overseas within the type of revenue earned on funding in Pakistan.
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2024-07-01 15:38:25