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.