The Federal Board of Revenue (FBR) has recorded a tax shortfall of Rs429 billion between July and February, including an Rs85 billion revenue gap in February alone.
According to official documents, the cumulative shortfall for the July-February period has reached Rs457 billion. In February, the FBR collected Rs944 billion in taxes against a target of Rs1,029 billion. Around Rs47 billion in refunds were issued during the month.
Overall, Rs386 billion in refunds were paid out between July and February. In February, net income tax collection stood at Rs443 billion, while net sales tax amounted to Rs336 billion. Net customs duty collection reached Rs99 billion, and Rs67 billion was collected under the federal excise duty (FED) head.
During the July-February period, the Federal Board of Revenue (FBR) collected Rs8,121 billion in taxes against a target of Rs8,550 billion, reflecting an overall shortfall. Refunds issued during the same period amounted to Rs386 billion.
Sales tax collection reached Rs2,783 billion compared to a target of Rs3,028 billion, resulting in a shortfall of Rs245 billion.
Income tax collection stood at Rs3,956 billion against a target of Rs4,098 billion, leaving a gap of Rs142 billion.
Customs duty collection totaled Rs850 billion versus a target of Rs898 billion, marking a shortfall of Rs48 billion. In contrast, federal excise duty collection surpassed its target, with Rs532 billion collected against a target of Rs526 billion.
Officials said that overall tax revenue growth during the July-February period exceeded 11 percent. The FBR collected Rs787 billion more than in the same period last year, aiming to outpace economic growth and inflation in its revenue mobilization efforts.
