Punjab revenue collection up 26%
Punjab’s biggest source of revenue will remain the amount which will come from the federal government under the federal divisible pool. Photo: file
The Punjab Revenue Authority (PRA) has announced that it has achieved a significant milestone in revenue collection during March 2024 as it received Rs19.1 billion in taxes. This marks an increase of 26% when compared with the revenue of Rs15.2 billion pooled in the corresponding month of last year.
At the conclusion of three quarters (Jul-Mar) of the current fiscal year, the PRA managed to collect revenue of Rs164.3 billion, reflecting an 18% growth compared to the same period of last year, when Rs138.7 billion had been collected.
Read Aurangzeb plans to bolster tax revenue by Rs2.5tr
During the current fiscal year, Punjab Workers Welfare Fund receipts grew 66% whereas Punjab Infrastructure Development Cessreceipts recorded an impressive rise of 62%.
Published in The Express Tribune, April 4th, 2024.
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