Adviser reports higher revenue collection in KP

PESHAWAR: Advisor to the KP Chief Minister on Finance and Interprovincial Coordination Muzzammil Aslam has said that the KP government has achieved a 49 percent increase in revenue collection compared to the previous financial year.

In the first half of the current financial year, the provincial government collected Rs 42,397 million in tax and non-tax revenue, up from Rs 28,435 million during the same period last year, said a handout.The advisor on Finance Muzammil Aslam chaired a meeting at the Finance Department to discuss tax and non-tax revenue of all departments of KP government.

The meeting was attended by Additional Secretary Asif Rashid, Additional Secretary Tauseef Khalid, Deputy Secretary Hamid Raza, and other officials.The advisor said that the KP government had set a target of collecting Rs 93.500 billion in revenue for the current financial year.

He said the government had achieved 90.7 percent of this target in the first half of the current financial year, compared to 66 percent during the same period last year.The Khyber Pakhtunkhwa Revenue Authority (KPRA) achieved the highest target, collecting Rs 24,035 million in tax revenue.

The Excise and Taxation Department collected Rs 2854 million, achieving 100 percent of its target.The Transport and Mass Transit Department collected Rs 624 million, exceeding its target by 151 percent.The adviser said this impressive revenue collection was a testament to the KP government’s efforts to strengthen its financial position.