The Federal Board of Revenue (FBR) has faced a revenue shortfall of Rs716 billion in the first nine months of the current fiscal year, as reported by national media.
According to a report, the primary reasons for this shortfall are a decline in import duties and lower-than-expected inflation, which has impacted tax collection. The FBR collected Rs8,450 billion during the July-March period of FY25, against a target of Rs9,160 billion.
However, this collection is 27% higher compared to the Rs6,650.5 billion collected in the same period last year. On a monthly basis, the FBR collected Rs1,114 billion in March, falling short of the Rs1,219 billion target by Rs105 billion.
The provisional data released on Saturday shows that revenue collection for March 2025 was 32% higher compared to Rs841 billion collected in the same month last year.
Despite low inflation and an economic slowdown, revenue collection in March recorded a year-on-year increase of 32%, primarily due to stricter enforcement measures, particularly in the sugar sector, which has seen a 39% increase in revenue over the past three months.
