FBR misses October tax target by wide margin

ISLAMABAD: The Federal Board of Revenue (FBR) has fallen short of its October 2026 tax collection target, collecting Rs975 billion against the goal of Rs1,131 billion.

FBR officials said designated tax offices and bank branches will remain open today (Saturday), the last day of the month. The tax machinery is expected to collect an additional Rs40 billion by the end of the day.

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For the first four months of the current fiscal year, the FBR had set a target of Rs4,185 billion. Collection so far stands at Rs4,061 billion, leaving a shortfall of Rs124 billion.

The government, with the approval of the Parliament, has fixed an annual tax collection target of Rs15,264 billion for fiscal year 2026-27.