ISLAMABAD: Federal Board of Revenue (FBR) has remained unable to achieve its tax collection targets during the first 11 months of the ongoing fiscal year, with the cumulative revenue shortfall reaching Rs869 billion, according to official sources.
Sources said the FBR collected Rs11.226 trillion in taxes against the 11-month target of Rs12 trillion, leaving a significant gap in revenue generation.
For May 2026, the tax authority is also expected to miss its monthly target by around Rs185 billion. The FBR is likely to collect approximately Rs965 billion during the month, compared to the assigned target of Rs1.15 trillion, sources added.
The FBR’s overall tax collection target for the current fiscal year stands at Rs13.979 trillion.
Meanwhile, following approval from the International Monetary Fund (IMF), the tax authority’s collection target for the next fiscal year has been set at Rs15.3 trillion, reflecting the government’s efforts to strengthen revenue mobilization and fiscal stability.
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Earlier, Federal Board of Revenue (FBR) has recorded a tax shortfall of Rs429 billion between July and February, including an Rs85 billion revenue gap in February alone.
According to official documents, the cumulative shortfall for the July–February period has reached Rs457 billion. In February, the FBR collected Rs944 billion in taxes against a target of Rs1,029 billion. Around Rs47 billion in refunds were issued during the month.
Overall, Rs386 billion in refunds were paid out between July and February. In February, net income tax collection stood at Rs443 billion, while net sales tax amounted to Rs336 billion. Net customs duty collection reached Rs99 billion, and Rs67 billion was collected under the federal excise duty (FED) head.
