It, however, needed 19.2% growth if it wants to hit the annual target of Rs4.013 trillion. The provisional customs duty collection during the first half of the year stood at around Rs290 billion – up by 33% year-on-year. The main reason behind the substantial increase in customs duty collection was the levy of regulatory duty on hundreds of tariff lines to curb imports. Historically, the share of customs duty used to be one-tenth in total revenue collection that has now almost doubled. Latest revenue collection results have reduced hopes of achieving the annual tax collection and fiscal deficit targets.

Source: The Express Tribune December 31, 2017 04:52 UTC