The Federal Board of Revenue has stated that revenue has grown by 17% with additional revenues of Rs 345 billion as compared to the last year. In the current Fiscal Year 2019-20, out of target of Rs 920 billion for the period from July to January 2020, the FBR has accumulated Rs 897.5 billion income tax which shows an increase of 18.1%, compared to the corresponding months in the last year in which Rs 759.1 billion could be collected. Likewise, the target of sales tax collection till January 2020 was set as Rs 1039 billion. Out of this target, the net collection of Rs 996.6 billion has been achieved, which shows a growth of 24.7% compared to the corresponding period in the last year in which Rs 799.1 billion were collected. The Federal Excise Duty of Rs 145.1 billion was collected against the target of Rs 151 billion from July to January which shows an increase of 23.6%. The customs duty collection target was set as Rs 399 billion till January 2020. The FBR managed to collect Rs 373.8 billion, compared to Rs 390.6 billion last year in the same months. So far, the FBR has collected Rs 2407.7 billion against the target of Rs 2509 billion which has increased by 16.7% compared to last year when Rs 2062.7 billion were collected. The domestic tax collection has also increased by 28%. Domestic sales tax has also increased by 41 % during July 2019 to January 2020. The total domestic revenue of Rs 1339.91 billion has been collected compared to last year’s 1057.60 billion. Revenue at import stage has grown by 6 % against budgeted target of 36.8 %. The FBR has issued Rs 54 billion of additional refunds this year compared to last year. The total refunds of Rs 131.01 billion have been released till January 2020 whereas in the last year the refunds of Rs. 76.71 billion were issued. FBR has also released the refunds detail issued through FASTER system. The total number of refunds claims cases where Annex-H submitted were 6081 with a claimed amount of Rs. 37614 million. The FASTER system has processed 4606 cases with a claimed amount of Rs. 33364 million showing percentage of 89.99% of total cases. After the processing of such cases, total refunds of Rs. 29303 million have been issued showing a percentage of 87.47 % of processed cases. Through the FASTER system, Rs. 4061 million were deferred due to want of required data. Up to February 29th 2020, total returns for Tax Year 2019 were 2,483,866 whereas 373,877 new taxpayers paid taxes in Tax Year 2019.