ISLAMABAD: Despite two downward revisions, the Federal Board of Revenue (FBR) missed its revenue collection target by nearly Rs163 billion for FY25, primarily due to sluggish economic growth and a dip in imports that dampened sales tax collection.

Provisional figures show the FBR collected Rs11.737 trillion 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 government had initially set a target of Rs12.913tr in the budget, which was later revised down to Rs12.33tr and subsequently to Rs11.9tr, reflecting a cumulative downward revision of over Rs1tr to accommodate widening fiscal gaps.

The budgetary shortfall amounted to Rs1.176tr. However, following downward revisions in the........

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