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LAHORE:
The Punjab Revenue Authority (PRA) has recorded a 35% increase in revenue collection during the first half of the current financial year, following the implementation of a series of reforms, according to a statement issued on Saturday.
During July-December of the ongoing financial year, the PRA collected Rs149.5 billion in total revenue, compared with Rs112.1 billion collected during the same period of the previous financial year. The authority attributed the increase to reforms introduced to improve tax administration and strengthen transparency and efficiency in the collection system.
The statement said the growth in revenue followed the rollout of modernisation measures aimed at streamlining processes within the PRA. These steps were intended to enhance compliance and improve overall tax collection performance.
According to the PRA, higher provincial revenues contribute to financial stability and support the timely completion of development and welfare projects across Punjab.
