The FBR fell short of its tax collection target by Rs372 billion during the initial seven months of FY2026.

The Federal Board of Revenue (FBR) has failed to meet its tax collection target for the period from July 2025 to January 2026 by Rs372 billion.

As of January 30, 2026, FBR has amassed Rs986 billion, failing to meet the monthly objective of Rs1,031 billion.

FBR collected Rs7,147 billion in taxes during the same time, falling short of the target of Rs7,521 billion.

In January, income tax collection amounted to Rs465 billion, above the aim of Rs452 billion, whilst sales tax collection was Rs352 billion, falling short of the objective of Rs387 billion.

Customs taxes were inadequate, with Rs107 billion collected against a target of Rs126 billion, while federal excise duties amounted to Rs61 billion, somewhat below the objective of Rs65 billion.

The FBR disbursed Rs47 billion in tax refunds for January and Rs340 billion from July to January, in contrast to Rs314 billion in reimbursements during the corresponding period previous year.

Notwithstanding this deficit, the FBR anticipates generating Rs200 billion in super tax receipts from January to March 2026.

The Federal Board of Revenue’s aim for the entire fiscal year, pursuant to an agreement with the International Monetary Fund, is Rs9,917 billion in tax revenues, necessitating a significant augmentation in collections over the forthcoming two months.