ISLAMABAD: The Federal Board of Revenue (FBR) has missed its tax collection target for the period between July 2025 and January 2026 by Rs372 billion.
As of January 30, 2026, FBR had collected Rs986 billion, falling short of the monthly target of Rs1,031 billion.
In total, FBR managed to collect Rs7,147 billion in taxes during the same period, but still lags behind the target set at Rs7,521 billion.
Among the various tax categories, income tax collection for January reached Rs465 billion, surpassing the target of Rs452 billion, while sales tax collection stood at Rs352 billion, below the target of Rs387 billion.
Customs duties also fell short, with Rs107 billion collected out of a targeted Rs126 billion, and federal excise duties reached Rs61 billion, slightly below the target of Rs65 billion.
The FBR also issued Rs47 billion in tax refunds for January, and Rs340 billion in refunds between July and January, compared to Rs314 billion in refunds during the same period last year.
Despite this shortfall, the FBR is expected to collect Rs200 billion in super tax revenues between January and March 2026.
The FBR’s target for the full fiscal year, in line with an agreement with the International Monetary Fund (IMF), is Rs9,917 billion in tax revenues, requiring a substantial increase in collections over the next two months.
