Re: Pakistan at 60 a Well-Written News Article
We’re collecting almost $14 billion in taxes now - it was barely $5 billion when Musharraf took over.
http://thenews.jang.com.pk/updates.asp?id=28049
**FBR collects taxes beyond target **
The Federal Board of Revenue (FBR), during the financial year of 2006-07, collected taxes of Rs.11,400 million more than the target. According to the FBR’s quarterly analysis, taxes of Rs.835 billion were collected during the previous year which are 18.6 per cent more compared to 2005-06. Besides getting taxes more than the target for the fifth consecutive year, the rate of taxes also rose to 9.7 per cent during 2006-07.
That is very good news! Now only if we can get NAB working, we can get even more taxes. With likes of Miandad paying more taxes than Nawaz Sharif/Benazir (historically speaking) tax collection was really sham.