ByThe Khyber Pakhtunkhwa Revenue Authority (KPRA) has recorded a stellar performance in the first half of the fiscal year 2024-25, collecting Rs 24.2 billion in revenues from July to December. This marks a 45% increase compared to the Rs 16.7 billion collected during the same period last year, an impressive growth of Rs 7.5 billion.
Detailed data released by KPRA’s media wing reveals significant contributions from two key revenue streams:
- Sales Tax on Services: Rs 18.15 billion collected, reflecting a 24% growth from last year’s Rs 14.6 billion.
- Infrastructure Development Cess (IDC): Rs 6.07 billion collected, representing a remarkable 189% increase over the Rs 2.1 billion collected in the previous year.
Leadership and Teamwork: Driving Success
Director General KPRA, Fouzia Iqbal, attributed this exceptional performance to the dedication and hard work of the KPRA team. She commended their relentless efforts in ensuring compliance and improving efficiency, which have been instrumental in achieving these milestones.
“With the same level of commitment and our strategic approach, I am confident that we will surpass this year’s target. By the end of June, KPRA will once again stand out as a beacon of excellence in performance,” she stated.
Ms. Iqbal expressed optimism for the remainder of FY25, asserting that the authority is well-positioned to exceed its annual revenue targets. She also extended her gratitude to taxpayers for their trust and cooperation, emphasizing their pivotal role in KPRA’s achievements.
Acknowledging Provincial Leadership
The Director General highlighted the essential support provided by provincial leaders. She praised Chief Minister Ali Amin Gandapur and Advisor to the CM on Finance, Muzzammil Aslam, for their guidance and policy direction. Their leadership, she noted, has enabled KPRA to implement effective strategies and strengthen its administrative framework.
Significance of the Growth
The impressive revenue growth reflects KPRA’s commitment to enhancing fiscal discipline and boosting the province’s financial stability. Key factors contributing to this success include improved enforcement mechanisms, effective taxpayer engagement, and a focus on expanding the tax net.
The 24% increase in sales tax on services demonstrates KPRA’s ability to streamline processes, ensuring compliance across various service sectors. Meanwhile, the 189% surge in IDC collections highlights the authority’s success in addressing underreported revenues and improving compliance in critical industries such as transportation and trade.
Future Prospects
With a strong start in the first half of FY25, KPRA is on track to set new benchmarks in revenue collection and tax administration. The authority’s performance not only strengthens the provincial economy but also serves as a model of efficient governance and fiscal responsibility.
As KPRA continues to build on this momentum, its efforts will significantly contribute to the economic development of Khyber Pakhtunkhwa, supporting vital infrastructure projects and public services in the region.
