ISLAMABAD, May 16: The revenue receipts fell short by 3.62 per cent to Rs 306.487 billion against the target of Rs318 billion during the July-April period of the current financial year.

When compared with the last year collection of Rs307.710 billion during the same period, it fell by 0.397 per cent.

According to official figures released by Central Board of Revenue (CBR) here on Thursday, in April, the revenue collection fell by 6.62 per cent to Rs37.25 billion against the target of Rs39.9 billion set for the same month.

To achieve the thrice revised downward annual revenue target of Rs414 billion, the CBR will have to collect Rs107 billion in May-June period of current fiscal.

But the tax analysts said that the revenue collection will be hardly around Rs400 billion during the current financial keeping in view the prevailing conditions.

Tax authorities collected Rs108.355 billion under the head of direct taxes during the July-April period of the current financial year against Rs97.957 billion during the same month last year, showing an increase of 10.61 per cent. But in comparison to the target of Rs115 billion set for the same period this year, it declined by 5.77 per cent.

Under the head of indirect taxes, Rs197.43 billion were collected during the ten months of the current fiscal against Rs209.75 billion revenue collection during the same period last year, showing a decline of 5.95 per cent, while in comparison to the target of Rs206.84 billion set for the same period, it declined by 5.87 per cent.

Further break-up showed that the tax authorities collected Rs128.314 billion under the head of sales tax during the July- April period of the current financial year against the target of Rs132.87 billion set for the same period, showing a decline of 3.13 per cent.

Under the head of customs, Rs33.241 billion were collected during the same period this year against the target of Rs40.42 billion set for the same period, a decline of 17.76 per cent, while in comparison to the last year collection of Rs50.795 billion it declined by 34.55 per cent.