PRA records 51pc growth in tax revenue last month

LAHORE, May 15 (APP): The Punjab Revenue Authority (PRA) demonstrated exceptional revenue performance by recording a 51 per cent growth in tax collection during the month of April, successfully collecting more than Rs. 36 billion in revenue.

This was disclosed in a monthly meeting regarding revenue performance and achievement of revenue targets here Friday. PRA Chairman Moazzam Iqbal Sipra chaired the meeting.

According to official figures, the Authority had collected Rs. 23.7 billion during April of previous fiscal year, whereas substantial growth has been achieved this year through improved enforcement measures, enhanced monitoring and expansion of the tax net. The PRA has also maintained a strong upward trajectory throughout the current fiscal year. During the first ten months of the last fiscal year, PRA collected Rs. 204 billion, while collections during the corresponding period of the current fiscal year have surpassed Rs. 285 billion.

On this occasion, Moazzam Iqbal Sipra said that PRA has collected an additional Rs. 81 billion in revenue compared to the same period of the previous fiscal year, reflecting the Authority’s consistent efforts to strengthen provincial revenues.

He remarked that increased government revenues are vital for the development of Punjab and the provision of better public facilities and services to citizens.

He directed all Enforcement Officers to ensure effective field operations for broadening the tax base and facilitating the registration of new taxpayers.

During the meeting, detailed reviews of field formations’ performance were conducted, while sectors lagging behind targets were identified for improvements.

The Chairman also issued instructions for strict monitoring and further improvement in sales tax on services collections. Monthly performance reports of various sectors were reviewed and revenue targets for the upcoming month were assigned accordingly.