ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed the eight-month target of Rs 5,829 billion and registers a growth of 30 percent.
According to the FBR official Twitter handle, FBR has collected Rs 681 billion during February 2024 as compared to Rs 519 billion during February 2023, showing a growth of 32 percent.
“FBR surpasses eight-month target of Rs. 5,829 billion and registers a growth of 30%. During February 2024, FBR collected Rs. 681 billion against Rs. 519 billion collected during February 2023 registering a growth of 32%”, FBR Tweeted.
Moreover, the total liquid foreign reserves of Pakistan stood at US$ 13,038.5 million in the week ended on February 23, 2024 while foreign reserves held by State Bank reached $ 7,949.6 million.
The State Bank of Pakistan, in a statement, informed that foreign exchange reserves held by the central bank decreased by $ 63 million to $ 7,949.6 million due to debt repayments during the week under review.
Meanwhile, net foreign reserves held by commercial banks stood at $ 5,088.9 million.
Total liquid foreign reserves held by the country, in the previous week ended on February 16, 2024, were $ 13,097.8 million.
Among them, foreign reserves held by the central bank were $ 8,012.8 million while net foreign reserves held by commercial banks were $ 5,085 million.
