Introduction:
The Khyber Pakhtunkhwa Revenue Authority “KPRA” (Achieves Revenue Target) has kicked off the fiscal year 2024-25, collecting a remarkable Rs 14.84 billion in just the first four months.
This marks a significant 40% increase compared to the same period last year, when KPRA collected Rs 10.58 billion showing an impressive rise of Rs 4.26 billion.
Breakdown of KPRA’s Revenue Collection:
According to the KPRA media team, the revenue collected during this period came from the following sources:
- Sales Tax on Services: Rs 11.25 billion
- Infrastructure Development Cess (IDC): Rs3.59 billion
This year, sales tax on services increased by 21% compared to last year, reaching Rs 9.3 billion.
The Infrastructure Development Cess (IDC) saw an impressive 180% growth, going well beyond last year’s Rs 1.28 billion collection.
KPRA’s Commitment and Support from Leadership:
Fouzia Iqbal, the Director General of KPRA, praised the dedication and hard work of the KPRA team acknowledging their key role in achieving KPRA Achieves Revenue Target and in the organization’s growth.
She expressed confidence that, with continued efforts, KPRA is not only on track to meet but likely to exceed its yearly goal.
“If we maintain this level of commitment, I am confident we will go beyond our target by the end of June. KPRA will once again deliver outstanding results,” said Fouzia Iqbal.
The KPRA team also thanked the taxpayers for their trust and cooperation, which have been crucial in reaching this initial success.
KPRA is dedicated to its mission of “Towards Self Reliance” and values the support of Chief Minister Ali Amin Gandapur and Finance Advisor Muzzammil Aslam.
Their guidance has been essential in helping KPRA create effective strategies to achieve its goals.