Pakistan’s tax body misses October collection target by PKR 84B
FBR’s total collection in four months of the ongoing fiscal year also remains below the target
Shahzad Raza
Correspondent
Shahzad; a journalist with 12+ years of experience, working in Multi Media. Worked in Field, covered Big Legal Constitutional and Political Events in Pakistan since 2012. Graduate of Islamic University Islamabad.
Pakistan’s tax collector, the Federal Board of Revenue (FBR), fell short of its monthly collection target by PKR 74 billion in October, according to official data.
The FBR provisionally collected PKR 952 billion in October, short of its monthly target of PKR 1,026 billion.
The October collection comprised PKR 432 billion in income tax, PKR 379 billion in sales tax, PKR 70 billion in federal excise duty, and PKR 71 billion in customs duty.
During the first four months of the fiscal year (July-October), the FBR’s cumulative collection stood at PKR 3,837 billion, against a target of PKR 4,109 billion, resulting in an overall shortfall of PKR 272 billion.
It is pertinent to note that the International Monetary Fund has allowed Pakistan to revise its annual tax revenue target downward by PKR 166 billion, setting a new target of PKR 13.965 trillion for FY2025-26, compared to the earlier projection of PKR 14.131 trillion.
According to official sources, the downward revision stems from two primary factors: an estimated PKR 80 billion in revenue loss from recent floods that disrupted economic activity in several regions, and an additional PKR 86 billion shortfall due to lower-than-expected inflation during the first quarter of the fiscal year.
Sources said the FBR also collected PKR 135 billion in taxes paid alongside income tax returns during July to October 2025, an increase of PKR 8 billion from PKR 127 billion collected in the same period last year. However, about 34% of filers submitted nil returns during this period, the sources added.
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