ISLAMABAD: The Federal Board of Revenue (FBR) fell short of its revenue collection target by Rs199 billion in the first quarter (July-September) of the current fiscal year (FY26), mainly due to lower domestic sales tax receipts and reduced revenue from utility bills.

According to provisional figures released on Tuesday, the FBR collected Rs2.884tr in the first quarter against a target of Rs3.083tr. However, the collection marked a 13 per cent increase from Rs2.558tr collected during the same period last year. The shortfall was most pronounced in September, when revenue collection reached Rs1.228tr-Rs155bn below the target of Rs1.384tr. Despite this, the September figure represented an 11pc increase from Rs1.105tr collected in September FY25.

The decline in........

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