Punjab posts record tax collection
The Punjab Revenue Authority (PRA) has demonstrated outstanding performance by collecting a record Rs23.7 billion during the month of April, marking a 26% increase compared to April last year.
From July to April of the current fiscal year, PRA has collected a total of Rs214 billion in tax revenues16% higher than the corresponding period last year.
Within this period, Rs199.6 billion has been collected specifically under Punjab Sales Tax, reflecting a 14% year-on-year growth.
Additionally, PRA has collected Rs5.1 billion in revenue from the Punjab Infrastructure Development Cess (PIDC), registering a 23% growth, while Rs9.1 billion has been collected under the Punjab Workers Welfare Fund showing an impressive 43% increase.
Remarkably, these gains have been achieved without introducing any new taxes or increasing tax rates.
According to the PRA spokesperson, this strong performance is the result of strategic outreach through workshops, expansion of the tax net, and the effective use of modern IT systems.