ISLAMABAD: The Federal Board of Revenue (FBR) missed its revenue collection target of nearly Rs85 billion in January due to lower-than-expected inflation.

The FBR collected Rs872bn in January against the target of Rs957bn. However, the collection is 26pc higher than Rs677bn collected a year ago, according to provisional data released on Friday.

The overall shortfall in revenue collection between July and January of the current fiscal year reached Rs468bn, reflecting a daunting task for FBR to cover the gap in the remaining months.

According to provisional figures, the FBR collected Rs6.497 trillion during the first seven months (July-January) of FY25 against the target of Rs6.965tr. However, the collection is 26pc higher........

© Dawn Business