ISLAMABAD: The Federal Board of Revenue (FBR) has set an ambitious target of Rs 252 billion for September, sources said.
According to official sources, the tax collection target for the first quarter (July and September) of the ongoing fiscal year is Rs 569 billion.
Sources said that the FBR has achieved the tax collection targets of the first two months, as it collected Rs 138 billion in July 2014 against the target of Rs 137 billion and accumulated Rs 185 billion in August as compared to the target of Rs 180 billion.
Moreover, the FBR has achieved the revenue collection target for August despite slowdown in economic activities. However, it is predicted that the FBR could achieve the annual target of FY 2014-15.
Official data obtained by Customs Today showed that the FBR has provisionally collected over Rs 183 billion during last month against assigned monthly revenue collection target of Rs 180 billion with an increase of over Rs 3 billion.