Port Qasim Customs Collectorate’s revenue up 23.2pc over last year

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Port Qasim

The Model Customs Collectorate of Port Qasim has surpassed its total half-yearly revenue target for July-December 2019 by 106.44 percent, said declaration issued on Wednesday.

The total collection for July-December stood at Rs 328.303 billion as against the target of Rs 307.165 billion, which is 106.44 percent of the assigned target and 23.19 percent above the Rs 266.503 billion collections over the corresponding period last year, it said.

Port Qasim Customs Collectorate's revenue up 23.2pc over last year
Port Qasim has surpassed its total half-yearly revenue target for July-December 2019 by 106.44 percent

The customs collection during the first six months of the current fiscal year registered a rise of 16.65 percent, amounting to Rs103.356 billion as compared to the gathering of Rs88.606 billion within the same period in 2018, the statement said.

Similarly, within the same period, sales tax collection increased from Rs144.453 billion to Rs191.384 billion and Federal Excise Duty from Rs2.311 billion to Rs3.1219 billion, it further added.

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