The Punjab Revenue Authority (PRA) reported a significant rise in revenue collection for October, bringing in over Rs. 33 billion. This figure represents a substantial increase from the Rs. 26 billion collected during October of the previous fiscal year.
According to figures shared during a meeting on Wednesday at the PRA Headquarters, the Authority has achieved an overall growth rate of 30 percent in revenue collection during the current fiscal year.
The meeting, chaired by PRA Chairman Moazzam Iqbal Sipra, was held to review monthly revenue targets and performance. During the session, participants examined the performance of officers, the number of registered businesses and taxpayers, and targets specific to various sectors.
Chairman Sipra directed that tax collection records for 16 sectors be thoroughly scrutinized, with a specific focus on bank payments and data from the Electronic Invoice Monitoring System (EIMS). He stated that identifying those who manipulate tax returns using digital monitoring tools is essential for ensuring transparency and strengthening tax compliance.
Furthermore, the Chairman instructed the Large Taxpayer Commissionerate to immediately begin work on establishing additional sectors to improve revenue monitoring and collection. He also announced that the province will see an expansion of enforcement operations against the use and issuance of fake receipts.
Sipra warned that the misappropriation of taxes paid by the public is a punishable offence under the law, and he stated that strict action will be taken against those involved in such practices.
