LAHORE: The Punjab Revenue Authority (PRA) has reported a significant increase in revenue collection for October, with figures surpassing Rs. 33 billion, marking a 30% growth compared to the same month last year. This increase contrasts with the Rs. 26 billion collected during October of the previous fiscal year.

According to Directorate General Public Relation – Govt of Punjab, the announcement was made during a meeting chaired by Chairman PRA, Mr. Moazzam Iqbal Sipra. The meeting focused on reviewing monthly revenue targets, sector-wise revenue performance, and the efficacy of registered taxpayers and businesses. Mr. Sipra underscored the importance of scrutinizing tax collection records from 16 sectors, particularly utilizing Electronic Invoice Monitoring System (EIMS) data and bank-collected taxes, to enhance tax compliance and transparency.

Additionally, the Chairman directed the Large Taxpayer Commissionerate to begin establishing new sectors to improve revenue monitoring and collection. Enforcement operations against the use of fake receipts are also set to expand across Punjab. Mr. Sipra emphasized the legal consequences of misappropriating public tax payments, highlighting that such offenses are punishable under the law and will be met with strict enforcement actions.