Tax Returns rate increased during first month of current financial year

ISLAMABAD: During new financial year, Federal Board Revenue (FBR) identified a record recovery of taxes during first month.

As per details received by Federal Board Revenue (FBR) sources, a record tax recovery has been achieved during first month of running financial year. Sources said that the recovery is itself a record in comparison to any of previous year recoveries. A total of 7% taxes has been recovered during current financial year. In the month of July FBR has collected taxes of 143.20 Billion rupees of gross taxes.