Federal Board of Revenue (FBR) achieved another milestone by collecting Rs8400 billion tax revenue but also posted shortfall of Rs721 billion during first nine months of current fiscal year 2025, reported 24NewsHD TV channel on Saturday.
Sources within FBR stated that 26 percent increase was recorded in collection of taxes on Year-on-Year (YoY) basis while FBR was assigned tax collection target of Rs9167 billion.
Sources further revealed that despite increase of 26 percent in collection of taxes, FBR still facing Rs721 revenue collection shortfall.
During the month of March 2025, 25 percent enhancement was witnessed in collection of taxes as compared with the figures of same period of previous fiscal year.
FBR was assigned Rs1220 billion tax collection target for the month of March 2025 which was short by Rs120 billion.
In March 2025, 29 percent increase was recorded in tax collection.
It is necessary to mention here that the IMF has pressured Pakistan to introduce additional taxes, including levies on nearly all consumable goods, such as medical tests, milk, vegetables, and children’s products. However, despite the new taxes, FBR has struggled to meet its targets in key areas like sales tax, federal excise duties (FED), and customs duties.
Reporter: Ashraf Khan