ISLAMABAD: Federal Finance Minister Ishaq Dar said on Wednesday that the Federal Board of Revenue (FBR) has collected Rs527.2 billion tax in this February month.

Taking to Twitter, the minister said a 17 per cent increase in tax collection had been recorded in Feb this year on month-on-month basis. “FBR achieved revenue target for Feb 2023 by collecting Rs527.2 billion, registering growth of 17% compared to same month last year. Cumulatively, FBR has collected Rs4,493 billion in first eight months of FY23 against Rs3,820 billion in the corresponding period last year depicting year-on-year growth of 18%.”

period last year depicting year-on-year growth of 18%. FBR continues to show impressive performance during third quarter of CFY23 which displays its commitment towards achieving revised upward annual budgetary revenue target of Rs. 7,640 billion despite economic challenges.

The minister further said the Board continued to show impressive performance during third quarter of CFY23 which displayed its commitment towards achieving revised upward annual budgetary revenue target of Rs7,640 billion despite economic challenges.