ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs1.073 trillion in the first five months of the current fiscal year, a growth of two per cent as compared to Rs1.049tr a year earlier, according to provisional figures.

However, the FBR failed to meet the target set for the July-November period by a wide margin.

The amount of refunds increased 22pc to Rs44 billion during the period under review from Rs36bn a year earlier.

The tax-collecting authority generated Rs413bn in income tax compared to Rs400bn a year ago, an increase of 3.25pc. The sales tax collection fell 2.47pc to Rs472bn in July-November from Rs484bn a year ago.

The federal excise duty collection stood at Rs63bn during the period under review as against Rs57bn a year earlier, an increase of 10.52pc.

The customs collection reached Rs170bn in July-November as against Rs144bn a year earlier, indicating an increase of 18pc.

In November, the revenue collection fell to Rs211.8bn as against Rs230.671bn in the corresponding month of the last year, a decline of 8pc.

Published in Dawn, December 6th, 2016