Home Business FBR collects Rs2,900 billion from July-18 to April-19

FBR collects Rs2,900 billion from July-18 to April-19

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The Federal Board of Revenue (FBR) has collected about Rs2,900 billion from the period July 2018 to April 2019 while the inflation rate during the period remained 8.8 percent.

According to the official sources, the FBR collected more than 2.8 percent as compared to the same period of the previous fiscal year while it received remittances of 17.8 billion dollars during the period which increased by 8.45 percent as compared to the previous fiscal year.

The export of the country remained stood at worth US20 billion while it was decreased by 1.9 percent. Besides that import also witnessed a decline of 4.90 percent.
During the period the trade deficit stood at US23. 93 billion while it reduced by 7.98 percent in respect to the previous year.

The FBR said that the government took worth of Rs4,967 billion loans from the central bank.