The Federal Board of Revenue (FBR) has suffered a massive shortfall of over Rs. 600 billion during the first eight months (July-February) of current fiscal year (FY25).
According to provisional figures till now, FBR has collected Rs. 7,346 billion during July-February of FY25 against the assigned target of Rs. 7,947 billion, reflecting a shortfall of Rs. 601 billion.
The tax collection during the month of February 2025 stood at Rs. 850 billion against the monthly target of Rs. 983 billion, reflecting a shortfall of Rs. 133 billion.
The federal government has set an ambitious revenue collection target of Rs. 12.913 trillion for FY25, a massive 40 percent increase from FY24.
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.