ISLAMABAD: The Federal Board of Revenue’s July tax collection reached a provisional PKR 820 billion, beating the PKR 780 billion target by PKR 40 billion.
The result represented 105% of the July 2026 monthly target, the opening month of fiscal year 2026-27. The figures remain subject to reconciliation.
FBR recorded PKR 918 billion in gross receipts and issued PKR 98 billion in refunds, leaving net revenue of PKR 820 billion, according to provisional documents.
Gross income-tax receipts stood at PKR 343 billion. After PKR 35 billion in refunds, net income tax reached PKR 308 billion—PKR 15 billion below its PKR 323 billion target.
Gross sales-tax receipts totalled PKR 413 billion, while refunds reached PKR 53 billion. Net sales tax was therefore PKR 360 billion, exceeding its PKR 305 billion target by PKR 55 billion.
Read: Small Shopkeepers Tax: FBR Proposes 1% Turnover Levy
Federal excise duty generated PKR 48 billion against a PKR 47 billion target. Provisional documents placed gross customs duty receipts at PKR 115 billion, against an assigned target of PKR 105 billion.
The federal government has set FBR an annual revenue target of PKR 15.264 trillion for FY2026-27.
Separately, FBR will suspend IRIS, Digital Invoicing, its Payment System, the Synchronised Withholding Administration and Payment System and POS Registration from 12:30 a.m. on August 8 until 5 a.m. on August 10 for planned maintenance. Taxpayers should complete urgent filings, payments and registrations before the shutdown, according to the official FBR notice.
