During October 2019 FBR Collects Rs.320 Billions

Islamabad: Chairman of the Federal Board of Revenue (FBR) received tax of Rs 320 billion in the month of October, while revenue collection increased by 16 percent.

Speaking on the micro-blogging site Twitter, he said: "Alhamdulillah, FBR has collected Rs 320 billion during the month of October 2019 and it has maintained overall tax of 16% last year and domestic tax over 25%. Is."

Alhumdullilah, FBR has collected Rs 320 billion during the month October 2019 and has maintained overall increase over last year of 16 percent and domestic tax over 25 percent. This is after taking into account negative aspect of import contraction of around Rs 50 billion.

— Syed Shabbar Zaidi (@ShabarZaidi) 31 October 2019

He added, "This is after taking into account the negative side of the import shrinkage of about Rs 50 billion."

In another tweet, he said: "The FBR reaffirms its inquiry into 'bond washing' cases for T-bills under confidence so as to avoid a cut in prevention and to confirm its position strongly. Lets say that there is no privacy issue in this regard. Banks are advised to report such information soon.

FBR reiterates its query relating to cases of ‘Bond Washing’ for T-Bills under trust to avoid deduction of withholding and strongly reaffirms its position that there is no issue banking secrecy law in this respect. Banks are suggested to divulge such information soon.

— Syed Shabbar Zaidi (@ShabarZaidi) 31 October 2019