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Punjab Revenue Authority collects more than Rs33bn in October

PRA collected over Rs33 billion in October, recording 30 per cent growth while tightening digital monitoring, enforcement and scrutiny of taxpayer records.

3 hours ago
in Business
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By Commerce Reporter

LAHORE — The Punjab Revenue Authority (PRA) collected more than Rs33 billion in October, registering a 30 per cent increase compared with the corresponding month of the previous fiscal year, according to official figures shared at a performance review meeting.

Read also: PRA, World Bank agree to introduce advanced digital systems to expand Punjab’s tax base and improve revenue collection

The authority collected approximately Rs33 billion during October of the current fiscal year, against Rs26 billion in October last year.

The figures were presented at a meeting chaired by PRA Chairman Moazzam Iqbal Sipra to review monthly revenue targets, taxpayer registrations and the performance of departmental officers.

During the meeting, Sipra directed officials to conduct a detailed examination of tax collection records across 16 sectors, with particular attention to data generated through the Electronic Invoice Monitoring System (EIMS) and tax payments deposited through banks.

He stressed the need to identify individuals and businesses allegedly manipulating tax returns through digital monitoring systems, saying stronger oversight was essential to improving compliance and ensuring transparency.

The chairman also directed the Large Taxpayer Commissionerate to begin work immediately on establishing additional sectors to strengthen revenue monitoring and collection.

He further announced an expansion of enforcement operations against the issuance and use of fake receipts across Punjab.

Sipra warned that misappropriation of taxes collected from the public was a punishable offence and said strict legal action would be taken against those found involved in such practices.

The authority’s latest collection figures indicate improved revenue performance, while its focus on digital monitoring and enforcement reflects efforts to strengthen tax compliance and broaden the provincial revenue base.

 

Tags: EIMSLahoreMoazzam Iqbal SipraPRAPunjab governmentPunjab Revenue AuthorityPunjab Tax Collectionrevenue growthTax Compliance
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