LAHORE: With just over a month remaining until the close of the fiscal year and the federal budget presentation, the Federal Board of Revenue (FBR) is maHking a last-ditch effort to achieve its revised annual tax revenue target of Rs. 12,334 billion for 2024-25. The tax authority has significantly ramped up its enforcement and collection efforts across the country.
Officials confirmed that FBR offices nationwide will extend their operating hours, remaining open until 8:00 pm on May 31, 2025, to facilitate taxpayers as the deadline approaches. Directives have been dispatched to all Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs), instructing them to intensify efforts to maximize revenue collection in this crucial final stretch of the fiscal year.
The FBR has also commenced issuing notices to tax defaulters, signaling a more aggressive stance. Officials indicated that these enforcement actions will accelerate further as the June 30 fiscal year-end deadline draws closer. These steps are part of a broader, concerted strategy by the FBR to bridge the growing revenue gap.
From July to April of the current fiscal year, the FBR has collected Rs. 9,309 billion, falling short by a considerable Rs. 833 billion compared to its original annual target of Rs. 12,970 billion. The revised goal of Rs. 12,334 billion now serves as the benchmark, placing tax officials under immense pressure to meet this adjusted figure within the remaining weeks.
Sources within the FBR added that the intensified push includes both administrative actions to streamline collections and robust compliance enforcement measures aimed at recovering outstanding dues.
The success of these efforts i in the final weeks will be critical for the FBR’s annual performance and will undoubtedly influence the revenue projections for the upcoming FY26 budget.
