PRA revenue collection rises over Rs33bn in Oct
LAHORE: The Punjab Revenue Authority (PRA) has posted a strong rise in revenue collection, bringing in more than Rs. 33 billion in October, up from Rs. 26 billion in the same month of the last fiscal year. Overall, revenue collection in the current fiscal year is running 30 percent higher than in the corresponding period. The figures were presented at a high-level meeting chaired by PRA Chairman…
The Punjab Revenue Authority (PRA) witnessed a significant increase in revenue collection, surpassing Rs. 33 billion in October 2026, a marked rise from Rs. 26 billion in the same period of the previous fiscal year. This marks a 30% increase in revenue collection for the current fiscal year compared to the same period last year.
These figures were discussed at a high-level meeting chaired by PRA Chairman Moazzam Iqbal Sipra, who reviewed monthly targets and performance across various sectors. Sipra emphasized the need for a thorough examination of tax collection records, particularly focusing on data from the Electronic Invoice Monitoring System (EIMS) and bank payments.
He stressed the importance of identifying those who falsify tax returns using digital tools to enhance compliance and transparency. Sipra also directed the Large Taxpayer Commissionerate to promptly begin work on expanding the number of sectors under monitoring to bolster revenue collection. Moreover, he announced plans to expand enforcement operations to curb the issuance and usage of counterfeit receipts throughout the province.
The chairman made it clear that misappropriation of taxes, as per the law, is a serious offense, and those found guilty will face severe consequences.
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