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Punjab govt revises collection target of revenue authority
National
June 2, 2021
LAHORE: Punjab government has revised revenue collection target of Punjab Revenue Authority (PRA) upwards by almost 13 per cent following the performance of the authority which already surpassed the annual revenue target of Rs125 billion fixed in the budget 2020-21.
The PRA in the first 10 months (July-May) of the ongoing fiscal year collected Rs128.25 billion of tax from services sector registering an exponential growth of 295 per cent in the wake of continuation of Covid-19 pandemic. The Punjab government has also given special tax incentives to various sectors to cope with pandemic situation and for revival of the businesses and economy of the province.
LAHORE: Punjab government has revised revenue collection target of Punjab Revenue Authority upwards by almost 13 per cent following the performance of the authority which already surpassed the.