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FBR achieves 8 month revenue target

Affan-khan

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So tax collection has not crossed 400 billion the 2020 21 figure is a target
Wah modiji wah
You are aware I'm sure that the tax to GDP percentage has gone down.
So with our shrinking economy the real revenue will also go down. But who care about facts.
I hope you all clapped for donkey and his announcement yesterday.
Wah modiji wah
What a logic 😂😂
Remember last year there was pandemic. No business from march to June . That's 3.5 months so if there's no such thing that figure of 3997 billion can easily be 4600 b plus.
 

alibaz

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Wow at that rate it will be 430 billion rs in the year, same as 2018.
Donk said he would be collected 800 billion rs.
They hot there own downwards revised target.
I don't know what to say to you guys.
Are you retarded, or innocent just being groomed and abused by donkey king niazi
Dear before quoting some figures, just google a little.
 

Aaqe

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I don’t remember a time when FBR had achieved and over achieved its targets so consistently. It was always lagging behind by tens to couple of hundred billions.
Question is how much FBR has collected in dirext taxes? This is the real check of their efficiency. FBR never discloses its collection of direct and indirect taxes, even they dont share their targeted values.
 

Bilal.

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Question is how much FBR has collected in dirext taxes? This is the real check of their efficiency. FBR never discloses its collection of direct and indirect taxes, even they dont share their targeted values.
First criteria how much from import duty and how much internal, because our tax structure and whole economy had become dependent on imports. That’s why first year when imports were curbed taxes also fell. Then we need to check the direct/indirect balance.

All in all if they meet the target and not depend on import duties that would be very encouraging. Eventually they need to fix the direct/indirect tax balance.
 

ziaulislam

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i just checked the figures from that year. he is clearly wrong. but these PMLN voters lie over and over again as if google doesnt exist to check the facts.
google is run by PTI agents
Just like you clapped for this donkey when Cpec was announced as gift instead of debt bomb
any unplanned project will be debt bomb and planned a gift

this is what CPEC is
 

PakCan

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What's with name calling and hate for no reason. Pakistanis really need to stop putting politics in everything. Country comes first, if things are improving, Allhumdulliah. Stop living in the past. Pray for prosperity and be part of the solution, these meaningless comments name calling is not going to get us anywhere. We have to take advantage of CPEC and use this as a trampoline to get us going. Loans need to be paid but they were also necessary.
 

Pakistansdefender

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I don’t remember a time when FBR had achieved and over achieved its targets so consistently. It was always lagging behind by tens to couple of hundred billions.
That too when the higest refunds and dltl are released in history of Pakistan. The market has excess capital and don't lack it. Precious government hold refunds and show it as tax revenue sadly.
Pakistan’s top builders ready for projects of Rs1.3 trillion
04/11/2020 admin 0 Comments
Pakistan’s National Coordination Committee on Housing, Construction and Development has turned out to be a morale booster for the builders and developers who are completely satisfied with the support being provided by the present government towards resolving their issues and providing them a conducive environment for undertaking greater activity in the construction sector.
With enhanced satisfaction level, 13 leading builders of the country assure the prime minister of launching various projects during next 4-5 months that will generate an economic activity up to Rs1.3 trillion and addition of 100,000 housing units.
For the first time, not only the processes of seeking No Objection Certificates (NOCs) are being streamlined and duration is reduced but also the private banks are also encouraging builders and developers to avail credit portfolio reserved for construction, house building and development activities, stated the representatives of Association of Builders And Developers of Pakistan (ABAD) during the meeting.
The assurance was made during weekly meeting of National Coordination Committee on Housing, Construction and Development with Prime Minister Imran Khan in chair.
Besides all Chief Secretaries of the provinces in attendance, leading builders and developers from Karachi, Islamabad and Lahore were also present during the meeting representing Association of Builders and Developers of the country. ABAD is a national level representative organization of builders and developers to unify and streamline the construction activities of private sector.
The Prime Minister appreciated Governor State Bank of Pakistan (SBP) for his proactive role in encouraging private banks to extend much-needed support to the construction sector.
The builders and developers present during the meeting assured the Prime Minister that the present system will help expeditious resolution of their issues and pending approvals enabling them to undertake projects worth billions of rupees. In addition to the pledges made by the 13 builders who were present during the meeting, other commitments by builders and developers of ABAD will also follow soon.
The Prime Minister while expressing satisfaction over the confidence of the builders community reiterated the commitment of the government to provide every possible facilitation in the construction sector. He observed that big cities serve as engine of growth and offer huge opportunities to the builders and developers. Increased construction activities will help wealth and job creation which will enable to country to gain economic stability and reduce its debt burden.
The Prime Minister said that construction sector and promotion of small and medium industry was among the foremost priorities of the government and the government will extend every possible support to these sectors.
On the issues related to provision of utilities for the new projects, the Prime Minister assured expeditious processing of the applications and directed the concerned to take strict action against officials involved in creating hurdles in provision of basic amenities such as electricity and gas etc.
The Prime Minister also stated that online application, tracking and monitoring system being introduced and one-window facilitation centers will further improve ease of doing business in the construction sector.
Adviser to Prime Minister on Finance and Revenue Dr.Abdul Hafeez Sheikh chaired the meeting of the Economic Coordination Committee of the Cabinet (ECC) Wednesday at the Prime Minister office.
ECC decided to allocate 150,000 metric tons of wheat to the Pakistan Army from PASSCO resources on payment basis for the year 2020-2021.
ECC also approved the prices of tobacco recommended by the Price and Grade Revision Committee in pursuance of section 8(1) of the PTB Ordinance 1968. ECC also directed that the MNFSR shall also give a detailed presentation on the mechanism of determination of prices and will also point out the gaps in the system.
ECC also approved “Mark up subsidy for Housing Finance”, proposed by Naya Pakistan Housing and Development Authority. Prime minister has on July 10, 2020 announced special incentives for housing and construction sector to revive economic development amid COVID-19 pandemic. Markup subsidy shall be provided for 10 years on bank financing. Accordingly, end user markup rate on housing units measuring up to five Marla will be five per cent for first five years and seven per cent for next five years. For housing units measuring 10 Marla, end user markup rate will be seven per cent for first five years and nine per cent for next five years.
source
Israel annexation of West Bank is fucked
Groundbreaking of Nowshera economic zone extension performed

10 Dec 2020


Khyber Pakhtunkhwa Chief Minister Mahmood Khan on Wednesday performed the groundbreaking of the Nowshera Economic Zone Extension Project and distributed letters of plot allotment among investors during a special ceremony. — Photo courtesy PTI KP Twitter




Khyber Pakhtunkhwa Chief Minister Mahmood Khan on Wednesday performed the groundbreaking of the Nowshera Economic Zone Extension Project and distributed letters of plot allotment among investors during a special ceremony. — Photo courtesy PTI KP Twitter


PESHAWAR: Khyber Pakhtunkhwa Chief Minister Mahmood Khan on Wednesday performed the groundbreaking of the Nowshera Economic Zone Extension Project and distributed letters of plot allotment among investors during a special ceremony.

A statement issued here said the zone’s extension over 76 acres of land would have the capacity of more than 60 industrial units and would generate over 12,000 direct and indirect employment opportunities.
It added that the initiative was expected to attract an initial investment of Rs1.6 billion.

Special assistant to the chief minister on information Karman Bangash, principal secretary to the chief minister Shahab Ali Shah, chief executive of the KP Management Company Javed Khattak and others attended the ceremony.

The chief minister said the extension of Nowshera economic zone was another milestone in the industrialisation of the province and provision of employment opportunities to the people. He said his government was taking result-oriented steps to stabilise economy and create employment for the people.

Mr Mahmood said the extension of Nowshera economic zone would usher in a new era of industrial development in the province. He was briefed about various aspects of the project.

The officials told him that the economic zone’s extension would happen in the proximity of Azakhel dry port and Peshawar-Islamabad Motorway and therefore, the project offered opportunities for industries and start-ups.

The statement said the project would provide opportunities for pharmaceutical sector, food processing, construction, marble, granite and food packing, whereas industrial products from the zone could find themselves in high-demand areas, including Afghanistan, Central Asia and China.

It said the construction of an access road to the project site and demarcation of industrial units had been completed, while work on infrastructure was in progress.

A total of 1,365 applications have so far been received for setting up industries in the zone.

The statement said the government had already inaugurated the Jalozai economic zone, whereas the Rashakai Special Economic Zone under the CPEC project was ready for inauguration.

The Rashakai SEZ will have modern infrastructure and facilities and create around 50,000 direct and indirect employment opportunities.

The meeting informed that the groundbreaking of DI Khan economic zone would be performed soon and a total of 100 industrial units would be established there. The initiative is expected to attract an investment of Rs1.5 billion and generate over 30,000 jobs.

The groundbreaking of Chitral, Ghazi, and Bannu economic zones is also in the pipeline.

Published in Dawn, December 10th, 2020
 

Sugarcane

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I will take FBR's claims with trailer load of salt, will believe only once official net collection after refund/adjustment of Withholding and Advance Taxes is announced by State Bank.
 

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