FBR misses tax target by Rs600bn in 8MFY25

MG News | March 01, 2025 at 10:01 PM GMT+05:00

0:00

March 01, 2025 (MLN): The Federal Board of Revenue (FBR) has fallen short of its tax collection target by over Rs600 billion for the first eight months of the fiscal year 2024-25.

According to a senior official from the FBR, the board managed to collect Rs 7.34 trillion from July to February 2024-25, against the assigned target of Rs7.94tr, resulting in a gap of Rs601bn.

In February 2025 alone, the FBR's tax collection amounted to Rs850bn, missing the target of Rs983bn and reflecting a shortfall of Rs133bn.

It is important to note that the FBR had already experienced a shortfall of Rs468bn during 7MFY25. This shortfall was primarily due to a slowdown in the growth of revenue collection, which had been anticipated at the time of the budget for 2024-25.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	160,283.95 289.13M	2.89% 4506.73
ALLSHR	95,689.15 514.13M	2.90% 2694.63
KSE30	49,505.16 115.61M	3.37% 1614.40
KMI30	228,913.47 123.05M	4.04% 8898.41
KMIALLSHR	61,946.29 259.43M	3.40% 2035.57
BKTi	46,485.25 34.71M	2.42% 1096.65
OGTi	32,574.96 20.84M	6.35% 1943.62

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	72,900.00	73,600.00 72,275.00	-545.00 -0.74%
BRENT CRUDE	83.82	84.74 82.13	2.42 2.97%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-17.10 -14.68%
ROTTERDAM COAL MONTHLY	121.50	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	77.10	78.09 75.56	2.44 3.27%
SUGAR #11 WORLD	13.71	14.07 13.70	-0.22 -1.58%