FBR failed to achieve tax target last year

By News Desk
July 31, 2023

ISLAMABAD: The FBR failed to achieve the tax target in the last financial year. The FBR fell Rs495 billion short of envisaged target of Rs7,640 billion. According to sources, in the last financial year, Foreign Direct Investment (DFI) decreased by 20 percent to `$48 million. The rate of growth in major industries was negative at 14.37 percent last year. In the fiscal year, the remittances sent from abroad grew by 3.86 percent.