The Federal Board of Revenue (FBR) has collected more than Rs800 billion in taxes as of January 30th.
FBR officials have stated that despite a possible shortfall of Rs40 to Rs50 billion in the tax target, this is not a cause for concern.
The FBR’s target for January 2025 is set at Rs956 billion, with officials confident that they will come close to meeting this target.
The tax collection for the July to March period has a goal of Rs3.15 trillion.
FBR officials expect tax receipts to improve as economic activities pick up in March.
In December 2024, the FBR set a new record by collecting Rs1.33 trillion in taxes.
Despite a shortfall of Rs384 billion in tax revenue between July and December 2024-25, the total collection for the first half of the fiscal year reached Rs5.624 trillion, falling short of the set target of Rs6.8 trillion.
FBR officials also clarified that the International Monetary Fund (IMF) monitors tax collection every quarter, not monthly.
