The Federal Board of Revenue (FBR) faced a shortfall of Rs 206 billion in tax collection for May 2025. According to sources, the FBR managed to collect only Rs 904 billion against the target of Rs 1,110 billion for the month.
Sources further revealed that from July to May of the current fiscal year, there has been a cumulative shortfall of Rs 1,027 billion in total tax revenue. The FBR collected Rs 10,213 billion against the annual target of Rs 11,240 billion.
The tax deficit, which stood at Rs 703 billion from July to March, surged to Rs 1,027 billion by the end of May.
For June 2025, the FBR has been given a target of Rs 2,121 billion—a figure that, according to sources, poses a significant challenge. Tax officials are under intense pressure to meet this target.
The continuous decline in revenue has raised serious concerns among senior officials of the Ministry of Finance and the FBR. As a result, the government has revised the FBR’s annual tax target downward from Rs 12,913 billion to Rs 12,334 billion.
The persistent fall in tax revenue has raised questions about the country’s fiscal stability, and stricter measures are expected in the upcoming budget.