FBR Show Strong Growth Amidst Shortfall

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Islamabad: The Federal Board of Revenue (FBR) has maintained a strong performance in tax collection, surpassing the overall target for the first eight months of the fiscal year, as revealed in a news article on February 29.

Read: FBR issues deadline for submission of tax proposals for Budget 2024-25

Despite a slight shortfall in February, the FBR has demonstrated resilience and growth in revenue generation. In February 2024, the FBR collected PKR 681 billion, slightly below the assigned target of PKR 714 billion, resulting in a shortfall of PKR 33 billion. This marks the second consecutive month of a minor deficit in tax collection.

Read: FBR takes measures to safeguard taxpayers

However, it’s important to note that the FBR has successfully met its overall tax collection target for the first eight months of the fiscal year. Surpassing the target of PKR 5,829 billion, the FBR has achieved a remarkable growth of 30% during this period.



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