ISLAMABAD: Finance Minister Miftah Ismail complimented the Federal Board of Revenue’s (FBR) efforts in a tweet on Sunday, saying the staff deserve recognition for their amazing efforts.
According to the finance minister, the current fiscal year (FY), which runs from July 2021 to April 2022, collected Rs. 5122 billion, representing a 28.7 percent increase.
Refunds of Rs 264 billion were issued between July 21 and April 22, up 30.1 percent from the Rs 203 billion paid the previous year. ” The FBR crew is deserving of praise, “he continued.
The minister said that the rise in exports was a big part of the higher collection.
“For example, sales tax on imported items increased by 58% while falling by 2% on domestic goods. With the appropriate combination of policies and instruments, I am certain that this team will do even better and live up to the nation’s expectations. “
Muhammad Ashfaque, the head of the FBR, was fired by the current administration and replaced with Asim Ahmed right away after the election.