ECONOMIC DESK
ISLAMABAD: The Federal Board of Revenue (FBR) has reported a revenue shortfall of Rs270 billion during the first four months (July–October) of the ongoing fiscal year, reflecting continued challenges in meeting tax collection targets.
According to official sources, the FBR managed to collect Rs3.84 trillion in taxes against a target of Rs4.109 trillion, leaving a gap of Rs269 billion. The figure includes Rs205 billion issued in tax refunds during the same period.
The month of October turned out to be particularly challenging for the tax authority, as it missed its monthly target by over Rs70 billion. The FBR collected Rs955 billion, compared to the projected Rs1.026 trillion.
As Per Breakdown shown by Tax collecting organ:
Rs438 billion from income tax
Rs345 billion from sales tax
Rs70 billion from federal excise duty (FED)
Rs107 billion from customs duties
Despite improved enforcement and documentation efforts, all four major tax streams — income tax, sales tax, customs duty, and FED — fell short of their assigned targets.
The continued revenue gap poses a challenge for the government’s fiscal management and its commitments under the International Monetary Fund (IMF) program. Officials said the shortfall may require additional tax measures or spending adjustments in the coming months if collections fail to pick up pace.
The FBR has been under pressure to meet its annual tax target of Rs14.131 trillion for the 2025–26 fiscal year, which remains crucial for maintaining Pakistan’s financial stability and meeting its budgetary commitments.
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