The Federal Board of Revenue (FBR) is awaiting tax payments this month due to a shortfall of Rs45 billion, prompting its offices to remain open today.
According to details, the FBR has faced a revenue deficit of nearly Rs375 billion during the first seven months of the current fiscal year. Officers are striving to meet the revised annual tax target of Rs13,797 billion.
The FBR stated that all large and medium taxpayer offices, corporate tax units, regional tax offices, and authorised bank branches responsible for collecting taxes and duties will remain operational today to facilitate payments.
It is noted that in the first six months of the fiscal year, revenue fell short of the target by Rs239 billion. So far this month, Rs986 billion has been collected against a target of Rs1,031 billion, with expectations of an additional Rs40 billion by the end of the day.
Furthermore, approximately Rs200 billion is expected to be collected in super taxes over the next two months.
For the first nine months of the fiscal year, Pakistan has committed to collecting Rs9,917 billion in taxes under the IMF programme, with a further Rs20,765 billion required by March to stabilise the national economy.
