FBR misses collection target by Rs429bn in eight months

ISLAMABAD: The Federal Board of Revenue (FBR) missed its projected collection target by a staggering Rs429 billion during the first eight months of 2025-26.

However, the collection recorded an 11 per cent increase to Rs8.121 trillion during July-February FY26, compared with Rs7.334tr raised in the same period last year, according to provisional figures released on Saturday.

The FBR had set a revenue collection target of Rs8.550tr for 8MFY26. The revenue shortfall is primarily attributed to a slowdown in domestic sales tax collection, suspension of super tax and several other factors.

The February collection grew by 12pc to Rs944bn from Rs844bn in the corresponding month last year. However, the collection fell short of the monthly target of Rs1.029tr by Rs85 bn.

Records 11pc YoY rise to Rs8.121tr; income, sales tax collection falls

Records 11pc YoY rise to Rs8.121tr; income, sales tax collection falls

The IMF, in its last review, has already revised down the FBR’s annual tax collection target by Rs150bn.

In FY25, the FBR missed its collection target by nearly Rs163bn, even after two downward revisions and raised Rs11.737tr against the revised target of Rs11.900tr. However, the collection reflects a year-on-year growth of 26.19pc from Rs9.301tr in FY24.

The FBR issued Rs386bn in refunds and rebates to taxpayers during 8MFY26, up from Rs352bn a year earlier, an increase of 9.65pc.

Income tax collection reached Rs3.956tr during 8MFY26, recording a shortfall of Rs142bn against the Rs4.098tr target. However, a 12pc increase was recorded compared to Rs3.525tr in the corresponding period last year.

Similarly, the sales tax collection........

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