Collection of Customs Duty for August surpasses target

ISLAMABAD : Federal Board of Revenue (FBR) has stated that outbreak of COVID-19 within country has caused administrative problems in collection of revenue.  However, Pakistan Customs has performed tremendously well towards achievement of revenue target of customs duty assigned for the month of August, 2020. The customs duty target for the month of August was Rs.44.3 billion, but an amount of Rs.45.9 billion was collected under the head of customs duty which is 3% more than the assigned target of this month.  During the first two months of current financial year, Pakistan Customs has collected customs duty amounting to Rs. 93.9 billion against the assigned target of Rs. 87.3 billion which is 7.5% more than the assigned target.  The revenue target has been achieved despite slow clearance of imported goods at Karachi port due to heavy rains and Muharram holidays in the last week of August 2020.