FBR Falls Short of Six-Month Tax Target by Rs321 Billion Despite December Improvement

Pakistan’s Federal Board of Revenue (FBR) has missed its tax collection target for the first six months of the 2025–26 fiscal year, recording a shortfall of Rs321 billion, according to provisional figures.

Between July and December 2025, the FBR collected Rs6,169 billion against a target of Rs6,490 billion, highlighting continued pressure on the country’s revenue position. However, officials point to a noticeable improvement in December 2025.

During the month, tax collection reached Rs1,425 billion, falling Rs21 billion short of the monthly target of Rs1,446 billion. The gap was smaller compared to previous months, offering some relief.

The government has already revised the annual tax target downward, reducing it from Rs14,307 billion to Rs13,979 billion, a cut of Rs328 billion for the current fiscal year.

Sources said the reduced shortfall in December followed administrative changes, including the induction of Zubair Bilal as Member Inland Revenue (Operations) and advance tax payments from major taxpayers, helping stabilize revenue collection.