PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) collected Rs41.77 billion against the target of Rs35 billion assigned to it by the provincial government for the last financial year 2023-24.

Despite the overall economic downturn, the authority showed a growth of 37% in FY24 compared to FY23, where the total collection stood at Rs30.6 billion, according to a statement issued here on Wednesday.

It is worth mentioning here that KPRA’s revenue collection has increased fourfold in the past five years.

As per the information shared by the authority’s media wing, it collected Rs36 billion from the sales tax on services, and Rs5.77 billion from the Infrastructure Development Cess.

The authority worked on broadening its tax net and took its registered taxpayers’ count to more than 22,800 by the end of FY24, which also played a key role in the revenue collection growth.

KPRA director general Fouzia Iqbal appreciated the efforts of the authority’s staff for achieving the revenue targets.

She also paid tribute to the taxpayers for their trust and compliance with KPRA. “Taxpayers are our stakeholders; we value and appreciate their support and contribution. Without their support and trust the target could not have been achieved.

We expect the same level of compliance and assistance in the coming years, and assure them full support from KPRA teams in making tax payments and related matters easier for them,” she said.

Ms Iqbal also lauded the tireless efforts of KPRA teams in surpassing the targets. “It is a proud moment for all of us that we have not only achieved our targets but surpassed them with a staggering Rs6.7 billion margin. It all became possible due to the team effort,” she said, adding that they were determined to work with the same passion to achieve the targets assigned to KPRA for the year 2024-25.

“If we work with the same dedication and continue with the same approach then I am sure that we will surpass the next year’s target as well and will continue on our path towards making Khyber Pakhtunkhwa self-reliant,” she said.

Published in Dawn, July 11th, 2024