PRA surpasses Rs150 billion tax collection

by index360

LAHORE: Punjab Revenue Authority has become the first Provincial revenue collection agency in the history of Pakistan to cross the Rs150 billion mark.

According to provisional figures, PRA has collected Rs.14.22 billion during the month of May 2022, a growth of 23% over the 11.6 billion collected in May 2021, bringing its total collection for the first eleven months of the financial year 2021-22 to Rs.153 billion.

According to PRA spokesperson, this figure is expected to rise further once the civil accounts are finalized. This extraordinary performance now all but ensures that PRA is going to surpass its assigned revenue target of Rs.155.9 billion. This will be the third year in a row that PRA surpasses its revenue target.

Chairman PRA said that this collection has been made possible by the unbelievable hard work of each and every member of the PRA team who worked with integrity, professionalism and determination. This performance once again justifies PRA’s stance that stakeholder involvement, taxpayer facilitation and education and a strategy of team-work and collaboration are much more essential and useful for revenue collection than the policies involving coercive actions, advance payments and aggression.

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