KPRA records Rs. 28.92 billion in tax collection, marking a 46% increase. Strategic policies and digital reforms drive fiscal growth in Khyber Pakhtunkhwa.
The Khyber Pakhtunkhwa Revenue Authority (KPRA) has achieved a historic milestone in tax collection, reflecting the province’s economic resilience and effective financial strategies. Advisor to the Khyber Pakhtunkhwa (KP) Chief Minister on Finance and Inter-Provincial Coordination, Muzzamil Aslam, announced that KPRA recorded an unprecedented revenue collection in January, setting a new benchmark for the authority.
Record-Breaking Revenue Growth
According to KPRA’s latest figures, the authority collected an impressive Rs. 28.92 billion in taxes from July to January. This represents a significant 46 percent increase compared to the same period last year. The remarkable growth is indicative of expanding economic activities in the province and the government’s dedication to implementing sound financial policies.
Muzzamil Aslam highlighted that KP’s non-tax revenue now exceeds 55 percent, contributing to an overall revenue increase beyond 50 percent. He credited this achievement to strategic financial planning and diversified revenue streams. “This success underscores our administration’s commitment to fiscal responsibility and efficient revenue collection,” he stated.
KPRA’s Role in Economic Stability
KPRA has been instrumental in strengthening the financial stability of the province. The authority’s focus on tax reforms and collection efficiency has significantly boosted revenue generation, fostering long-term economic sustainability. Aslam acknowledged the pivotal role played by KPRA in financial growth, stating, “The consistent increase in revenue collection is a direct result of KPRA’s dedication to transparency, professionalism, and innovation in tax administration.”
KPRA’s initiatives in streamlining tax collection, reducing evasion, and enhancing compliance have yielded significant results. The implementation of modern digital solutions and simplified tax procedures has played a crucial role in achieving these milestones.
Acknowledgment and Support
Expressing gratitude to Chief Minister Ali Amin Gandapur for his unwavering support, Aslam extended special recognition to KPRA Director General Fozia Iqbal and her team. Their relentless efforts and commitment to tax reforms have been instrumental in surpassing previous tax collection records. “Their hard work and dedication have been key in achieving this milestone,” he noted.
Enhancing Tax Compliance and Digital Transformation
KPRA has actively worked to enhance tax compliance by broadening the tax base across various sectors. The authority continues to introduce innovative measures, including:
- The adoption of digital tax filing systems to facilitate taxpayers
- Targeted awareness campaigns to educate businesses and individuals on tax regulations
- Strengthening enforcement mechanisms to curb tax evasion
These efforts have not only increased revenue but also fostered a culture of tax compliance in the province.
Future Outlook
Looking ahead, KPRA remains focused on sustaining its upward trajectory in tax collection. With continuous policy improvements and enhanced collaboration with businesses, the authority aims to further strengthen Khyber Pakhtunkhwa’s fiscal landscape.
The government’s commitment to transparency and efficiency in tax administration is expected to drive further growth, ensuring continued economic prosperity for the province. As KPRA continues to modernize its tax collection framework, it is set to play a crucial role in shaping a financially stable and economically vibrant Khyber Pakhtunkhwa.