- Earlier assessments warned hole might widen as much as Rs500 billion.
- FBR revised its annual tax assortment goal to Rs13,979bn.
- FBR collected Rs1,421bn towards mounted goal of Rs1,446bn in Dec.
The Federal Board of Income (FBR) missed its Worldwide Financial Fund (IMF)-linked income objective for the primary half of the present fiscal yr, falling quick by Rs336 billion, The Information reported on Thursday.
In opposition to the agreed goal of Rs6,490 billion for July to December, the tax authority managed to gather Rs6,154 billion. Earlier assessments had warned that the hole might probably enhance to as a lot as Rs400-500 billion.
The FBR had already revised its annual tax assortment goal downward from the Rs14,130 billion permitted by parliament to Rs13,979 billion, according to its IMF settlement. Nevertheless, parliament has not but granted its assent to this revision.
In December 2025, the FBR collected Rs1,421 billion towards a set goal of Rs1,446 billion, a shortfall of Rs25 billion.
FBR Chairman Rashid Mahmood Langrial informed The Information on Wednesday night time that the ultimate figures may enhance by a couple of billion, elevating the online tax assortment additional.
Notably, a serious portion of earnings tax was collected on December 31, 2025. It stays to be decided how a lot of this got here from advance funds by the company sector with a purpose to strategy the specified goal.
An IMF group is about to nearly overview FBR’s tax assortment efficiency subsequent week. The IMF has indicated that if income shortfalls enhance, the federal government and FBR must implement contingency tax measures. Based mostly on present efficiency, and if the IMF is happy, the federal government could negotiate for proportional expenditure reductions to keep up the first steadiness and monetary deficit targets for the yr.
FBR officers deny any uncommon use of advance funds, citing that whereas the company sector deposited round Rs305 billion on the final day of December 2025, it had deposited Rs278 billion within the remaining days of the final fiscal yr as effectively.
In December 2025, the FBR collected Rs1,421.1 billion after issuing refunds of Rs38 billion. This included Rs828 billion in earnings tax, Rs434.3 billion in gross sales tax, Rs72.6 billion in federal excise responsibility and Rs123.5 billion in Customs responsibility.
