FBR collects over Rs800 billion in tax by January 30

The Federal Board of Revenue (FBR) has successfully collected over Rs800 billion in taxes as of January 30, 2025. Despite a possible shortfall of Rs40 to Rs50 billion in the tax target, officials remain confident that they will get close to the Rs956 billion goal set for January.

For the July to March period, the FBR aims to collect Rs3.15 trillion, and officials expect tax receipts to improve as economic activities gain momentum in March.

In December 2024, the FBR set a record by collecting Rs1.33 trillion in taxes. However, for the first half of the fiscal year (July to December), the board faced a revenue shortfall of Rs384 billion, collecting Rs5.624 trillion against the target of Rs6.8 trillion.

FBR officials also clarified that the International Monetary Fund (IMF) does not monitor tax collection on a monthly basis but rather on a quarterly schedule.

As the government looks to enhance tax revenues and stabilize the economy, experts suggest that policy reforms and economic growth will play a key role in achieving future targets.