FBR collects Rs 160 billion revenue in May

ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs 1310.39 billion of revenues up to May 2011, showing increase of 15.3 per cent over corresponding period of the last year.According to the provisional figures, the FBR has collected Rs 160.55 billion during the month of May 2011 as compared to Rs 110.26 billion collected in May 2010, registering 45.6 per cent growth and surpassing the target of Rs 152.8 billion set for the month.Aggregate collection up to 31st May 2011 thus works out to Rs 1310.39 billion as against Rs 1136.8 billion collected during the corresponding period of the last year. – Onlinenews