ISLAMABAD: The Federal Board of Revenue (FBR) missed its collection target by nearly Rs716 billion in the first nine months of the current fiscal year, mainly due to a decline in import duty and lower-than-expected inflation impacting tax receipts.

The FBR collected Rs8.452 trillion in the July-March period of FY25 against the budgetary target of Rs9.168tr. However, the collection is 27pc higher than Rs6.665tr collected a year ago.

Month-wise, the FBR collected Rs1.114tr in March against the target of Rs1.219tr, a shortfall of Rs105bn. However, the collection is 32pc higher than Rs841bn collected a year ago, according to provisional data released on Saturday.

A tax official said that revenue collection rec­ord­ed........

© Dawn Business