PRA revenue collection rises over Rs33bn in Oct

Punjab Revenue Authority (PRA) collected more than Rs33 billion in October, compared with Rs26 billion in the same month last fiscal year, Business Recorder reported. Collections during the current fiscal year are 30 percent above the corresponding period, according to figures discussed at a review meeting chaired by PRA Chairman Moazzam Iqbal Sipra.

The meeting examined revenue targets across sectors, taxpayer and business registrations, and officers’ performance. Sipra called for closer checks of records from 16 sectors, including electronic invoice monitoring data and bank payments, and directed the Large Taxpayer Commissionerate to prepare additional sectors for monitoring. He also ordered broader enforcement against fake receipts and warned that diverting taxes paid by the public could lead to legal action.