The Federal Board of Revenue recorded an FBR tax shortfall of Rs684 billion in the first 10 months of the current fiscal year, collecting Rs10,261 billion against a Rs10,945 billion target, The News reported Friday.
The shortfall widened as Sales Tax collection at the import stage fell after the Gulf War reduced imports and slowed economic activity, an FBR official said.
The FBR must collect Rs3,718 billion in May and June 2026 to meet the revised annual tax target of Rs13,979 billion by the end of June 2026.
In April 2026, the tax authority collected Rs956 billion against an assigned monthly target of Rs1,029 billion, leaving a shortfall of Rs73 billion, according to the reported figures.
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The FBR had requested the International Monetary Fund to reduce the annual target from Rs13,979 billion to a range of Rs13,400 billion to Rs13,500 billion, but the Fund refused, The News reported.
Provisional data showed Income Tax collection at Rs5,142 billion during July–April, Sales Tax at Rs3,825.5 billion, Federal Excise Duty at Rs672.9 billion and Customs Duty at Rs1,119.5 billion.
The FBR’s gross collection stood at Rs10,760.6 billion, while refunds of Rs498.9 billion brought net collection to Rs10,261.7 billion for the first 10 months of the fiscal year.
