As per the report, the Federal Board of Revenue is on course to achieve the revenue target set for fiscal year 2021-22. PHOTO: FILEKeeping in view the performance of various economic indicators, the economic recovery, which has accelerated since March 2021, is expected to continue, stated the Monthly Update and Outlook for October 2021, released by the Ministry of Finance on Thursday. Furthermore, the FBR has taken a number of measures to promote economic activities through maximum facilitation to taxpayers. As per the report, the FBR is on course to achieve the revenue target set for fiscal year 2021-22. The persistent rise in international oil prices, exchange rate pressure and increase in domestic economic activities lifted the import demand, it said.

Source: The Express Tribune October 29, 2021 17:55 UTC