Dhaka: The National Board of Revenue (NBR) has exceeded the revenue target of Tk 1.5 lakh crore for the 2015-16 financial year (FY16), said NBR Chairman M Nojibur Rahman.

‘This year FY16 again my colleagues in NBR belonging to Customs, Income Tax and Value Added Tax (VAT) streams have made impossible possible by exceeding the Revenue target of Tk 1.5 lakh crore,’ he said in his Facebook post on Wednesday.

The NBR chairman said they have collected Tk 154,783.93 crore which is the record highest amount of revenue mobilised by NBR ever since its establishment in 1972.

‘The Rate of achievement is 103.19 percent. The average growth rate over 2014-2015 (FY15) is 14.06 percent,’ he added.

He said this is the second consecutive term of spectacular revenue achievements despite critical pessimistic discussion held by many quarters expressing doubt that the revenue target will not be met.

He mentioned that last year FY15 as well, NBR exceeded its revenue target by mobilising Tk 1,35,709 crore against the set target of Tk 1,35,028 crore.

During the period the FY16, NBR has also established claims over an additional amount of Tk 13,000 crore which will come through book adjustment from the finance division as arrear revenue from Petrobangla, he added.

Expressing his gratefulness to Prime Minister Sheikh Hasina for her all-out kind guidance, Nojibur Rahman said Prime Minister Sheikh Hasina has been a constant source of encouragement for NBR.

‘We are also very much thankful to finance minister for his valuable supervision and encouragement as well as strategic directions,’ he added.