KAPRA collects Rs24.2b in first half of fiscal year 2024-25

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has successfully collected Rs24.2 billion in the first six months of the financial year 2024-25, marking an impressive 45percent growth compared to the same period last year.

An official communique said that last year it collected Rs16.7 billion in the first six months.As per the details shared by the KPRA’s media wing, the authority has collected Rs18.15 billion from the sales tax on services, and Rs6.07 billion from the Infrastructure Development Cess (IDC), reflecting a 24percent growth in sales tax on services and an astonishing 189 percent growth in IDC. Last year, during the same period collections from sales tax on services amounted to Rs14.6billion, while Rs2.1billion was collected from the IDC.

Director General KPRA, Fouzia Iqbal, praised the dedication and hard work of the KPRA team, which has resulted in an impressive performance over the past six months. She expressed her confidence that with sustained efforts, not only will the annual revenue target be achieved, but it will also be exceeded significantly.