FBR collects Rs9.281tr in 10MFY25

ISLAMABAD: The Federal Board of Revenue (FBR) continues to grapple with a significant revenue shortfall, struggling to meet even its downward-revised tax collection target for the current fiscal year.

Top official sources confirmed to The News on Wednesday night that the tax machinery has so far collected approximately Rs848 billion against the envisaged target of Rs963 billion for April 2025, reflecting a shortfall of Rs115 billion. The FBR had discontinued the practice of releasing provisional revenue collection figures monthly after witnessing persistent shortfalls in recent months.

However, the actual gap in meeting the agreed tax collection target with the International Monetary Fund (IMF) is even wider, as the global lender had factored in the recovery of Rs243 billion stuck in litigation for the outgoing month. Of this, only Rs12 billion could be recovered for the national exchequer in April. With the revised tax collection target for April 2025 set at Rs1,119 billion, provisional collections have so far reached only Rs848 billion and may barely cross Rs850 billion—indicating a shortfall of around Rs271 billion.

The IMF and FBR agreed to lower the annual tax collection target from Rs12,970 billion to Rs12,332 billion for the current fiscal year, ending June 30, 2025.

During the first ten months (July-April), the FBR collected Rs9,281 billion. To meet the revised target, it must now collect Rs3,051 billion in the remaining two months (May and June).