Tax collection from debt investments surges 101% in July-April

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Significant jump in revenue collection has been attributed to imposition of higher tax rate on the exposure of commercial banks. Photo: File KARACHI: The Federal Board of Revenue (FBR) collected taxes worth Rs4.07 billion from investment in government securities in the first 10 months of the current fiscal year of 2019/20, more than double over the corresponding period a year earlier, reported The News.

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