ISLAMABAD: The Federal Board of Revenue (FBR) has reported a revenue shortfall of Rs 100 billion for March 2025, as provisional tax collection stood at Rs 1,120 billion, falling short of the assigned target of Rs 1,220 billion.
After receiving tax collections from imports and local sources on Saturday, the revenue gap had been reduced but still remained significant, Business Recorder reported citing a senior FBR official.
For the July-March (2024-25) period, the FBR collected Rs 8,464 billion, missing its target of Rs 9,167 billion, resulting in a cumulative shortfall of Rs 703 billion.
Amid revenue challenges, the government has downwardly revised the FBR’s annual tax collection target from Rs 12,913 billion to Rs 12,334 billion for the 2024-25 fiscal year, reflecting adjustments to align with economic realities.