Pakistan is expected to encounter a tax deficit of up to Rs200 billion in March 2026.

Federal Board of Revenue is likely to face a shortfall of Rs150–200 billion in tax revenue for March in Pakistan,

With a potential shortfall of up to Rs200 billion, the FBR is having trouble reaching its March target of Rs1,367 billion.

According to sources, there could be a revenue loss of almost Rs150 billion due to regional tensions and the current state of war.

In March 2026, exporters received refunds totaling more than Rs60 billion, which put additional strain on revenue collection. Documents show that Rs8,121 billion was collected in taxes between July and February.

A total shortage of more than Rs600 billion for the months of July through March was also forewarned by sources. Revenue collection has also been adversely affected by a slowdown in economic activity and an increase in fuel costs during March.

The strain on income has also been exacerbated by increased export return payments.

According to FBR sources, a request to lower the tax target has not yet received approval from the International Monetary Fund.