Tax collection falls short by Rs101bn in Oct

ISLAMABAD: The Federal Board of Revenue’s collection fell short of target by Rs101 billion in October owing to falling imports and a sharp deceleration in inflation.

The decrease is mainly caused by reduced collection at the import stage and domestic sales tax collection, according to provisional figures released on Thursday.

In October, tax collection reached Rs879bn against the target of Rs980bn, showing a big gap of Rs101bn. However, it saw an increase of 24pc compared to Rs711bn in the same month last year.