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ISLAMABAD, Jul 24 (APP):Minister of State for Finance and Revenue Bilal Azhar Kayani Thursday apprised the Senate that Federal Board of Revenue (FBR) has collected an amount of Rs 1017.8 billion from retail sector including corporate during the fiscal year 2024-25.
Responding to various questions during Question Hour, the minister said that out of total collection, Rs 628.3 billion was collected under head of income tax while Rs 389.5 billion under head of sales tax during the said period.
He said FBR has registered 280,197 retailers this year under normal tax law and the Tajir Dost Scheme. Apart from new registrations, number of returns in respect of retailers have also enhanced from 841,071 to 1,034,143 this year as compared to last year, he said.
The minister said that the government has not only controlled inflation but also collected record tax during the last year.
He said FBR has also paid out all verified outstanding refunds to exporters upto June 30, 2025. No valid refund claim of exporters remains pending in the FBRs automated refund system, he added.
To another question, the minister told the House that Pakistan Custom has seized 303.601 kilograms smuggled gold during the last 10 years.