August tax recovery up by 6 percent: FBR

 KARACHI: Pakistan’s tax recovery during the month of August recording a rise by 6 percent amounted to about Rs89 billion, Federal Board of Revenue (FBR) said.

Last year in August, FBR had recovered Rs83.75 billion, which compared to the current year August recovery of Rs89 billion shows an increase by 6 percent.

FBR sources told that the current year August tax recovery amount constituted of the first 29 days of the month’s available data.

Sources further said that the recovery from local taxes viz. direct tax, sales tax and federal excise duty amounted to over Rs76 billion as against Rs73.66 billion of the corresponding month previous year showing a rise of 3.6 percent.