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Dar hails FBR for exceeding revenue targets

Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Thursday appreciated the exceeded monthly and five months’ targets of Federal Board of Revenue (FBR’s) revenue collection.

For November 22, collection is Rs538.4 billion against a target of Rs537 billion, the Federal Minister for Finance and Revenue said on his official twitter account. The Minister said that for 5 months from July 1st to November 30 of FY 2022-23 collection is Rs2688 billion against a target of Rs2680 billion. Ambassador of the United Arab Emirates (UAE) to Pakistan, Hamad Obaid Ibrahim Salim Al-Zaabi said on Thursday that his country was keenly interested to augment its investment news sectors of Pakistan economy.

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During a call on meeting with Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar, he said that UAE was fully cognizant of the development-oriented economic policies undertaken by the present government. Both the dignitaries shared the historical and long-standing ties between both countries and exchanged views on further boosting and strengthening these. The finance minister said that Pakistan and UAE were engaging in various areas including energy, refinery, petroleum and trade, however, still a lot of potentials was unexplored.

In this regard, the Finance Minister also highlighted various new avenues in which both countries can trade and invest. Dar recalled his recent visit to the UAE and discussed the fruitful meetings held in UAE with management of Abu Dhabi Holding Company and International Holding Company. It was shared that these companies showed their confidence in the ongoing economic policies of the present government and showed interest in investing in energy, agriculture, healthcare and other sectors.

The minister welcomed the proposal for UAE’s new investment in Pakistan and assured the ambassador of full support and cooperation. He also shared sentiments of gratitude for goodwill and cooperation of the ambassador and hoped to enhance bilateral relations further in the future.


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