ISLAMABAD, Jan 12: The revenue receipts fell 4.1 per cent in the first six months of the current financial year and stood at Rs174.52 billion against Rs181.97 billion during the same period last year.

The revenue receipts fell 3.56 per cent in December this year to Rs38.96 billion against Rs40.4 billion last year.

The target set for the July-December period of the current financial year was Rs192.7 billion against Rs181.38 billion during the same period last year, an increase of over 6.24 per cent.

However, the revenue collection during the first six months declined by 9.43 per cent in comparison to the target set for the period.

Similarly, the target set for December was earlier Rs46.5 billion, which was later reduced to Rs42 billion against Rs40.4 billion revenue collection last year during the same month, an increase of over 3.96 per cent.

According to official figures released by the Central Board of Revenue (CBR) here on Saturday, Rs62.77 billion were collected under the head of direct taxes during the first six months against Rs58.33 billion during the same period last year, an increase of 7.6 per cent.

Similarly, under the head of indirect taxes Rs111.75 billion were collected during the July- December period against Rs123.64 billion during the same period last year, registering a negative growth of 9.6 per cent.

Further break-up showed that under the head of sales tax, Rs73.51 billion were collected against Rs70.68 billion revenue collection during six-month period of last year, showing an increase of 4 per cent, while under the head of central excise Rs20.17 billion were collected against Rs24.16 billion, registering a decline of 16.5 per cent.

The tax authorities collected Rs18.06 billion customs duty during the July-December period this year against Rs28.79 billion during the same period last year, showing a decline of 37.3 per cent.