The Federal Board of Revenue has once again failed to meet its tax collection target, with the shortfall widening to Rs683 billion during the first 10 months of the current fiscal year.
According to sources, the overall pace of revenue growth has also slowed, falling from 13% to 10%, raising concerns over the government’s ability to meet its revised annual target.
The revised tax collection target for the first 10 months of the fiscal year was set at Rs10,946 billion. However, sources said the FBR managed to collect Rs10,263 billion during this period, leaving a shortfall of Rs683 billion from July to April.
The original annual tax target for the FBR was Rs14,131 billion. It was later revised downward to Rs13,989 billion.
April tax collection falls short
In April alone, the FBR collected Rs956 billion in taxes, while the monthly collection target stood at Rs1,029 billion. This resulted in a shortfall of Rs73 billion for the month, marking another setback for the country’s revenue collection efforts.
According to sources, income tax remained the largest contributor to April’s collection, bringing in Rs446 billion. Sales tax collection stood at Rs320 billion during the month.
The FBR also collected Rs65 billion in federal excise duty, while customs duty collection reached Rs125 billion in April.
Revenue growth slows
The latest figures show that the FBR continues to face challenges in achieving its revenue goals despite revisions in targets.
The decline in overall revenue growth from 13% to 10% adds to fiscal pressure at a time when tax collection remains crucial for meeting budgetary and economic commitments.
