ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected over Rs935 billion in May 2025, falling short of its ambitious assigned target of Rs1110 billion for the month by Rs175 billion. Despite this monthly shortfall, the FBR’s intensified efforts in the final months of the fiscal year appear to be narrowing the overall revenue gap.
According to updated revenue collection figures released by the FBR late Saturday night, the cumulative collection for the July-May (2024-25) period has now reached Rs10,244 billion. This stands against a cumulative target of Rs 11,240 billion for the same period, further reducing the overall shortfall to Rs 1016 billion.
The FBR has been under immense pressure to meet its revised annual tax target of Rs. 12,334 billion for fiscal year 2024-25. While the May collections did not meet the monthly target, the continued efforts have contributed to improving the overall collection trajectory as the fiscal year heads towards its June 30 conclusion. Tax officials are now focused on maximizing collections in the remaining weeks to bridge the remaining deficit and achieve the revised annual target.
