DECLINE IN IMPORTS BEHIND MASSIVE REVENUE LOSS: FBR

ISLAMABAD: The national tax collecting body has acknowledged that collections remained behind the target by Rs114 billion during the six months of the current fiscal, despite the fact that the Revenue collection was 16.3 per cent higher than the corresponding period of last year. In a statement, the Federal Board of Revenue (FBR) said that massive revenue loss occurred in July-December 2019 due to reduction in imports. The statement says th...

Dawn.com (Date:01/05/2020 04:17) Read full article >>

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