The federal government got a big revenue boost at the start of the new fiscal year. The FBR has collected Rs40 billion more tax than the set target from the public in July, achieving 105 percent of the target.
The Federal Board of Revenue (FBR) has surpassed the tax collection target in the first month of the new fiscal year.
According to official documents, the agency collected Rs40 billion more tax than the set target in July 2026.
According to documents, the FBR was given a target of collecting Rs780 billion in tax for July, but the agency collected a net tax of Rs820 billion, achieving 105 percent of the target.
According to the data, a total of Rs918 billion in taxes were collected in July, while refunds of Rs98 billion were also issued in various areas.
The target for income tax was Rs 323 billion, while Rs 343 billion was collected. After payment of refunds, the net collection of income tax was Rs 308 billion.
