Islamabad (TDI): The Federal Board of Revenue (FBR) missed its target by Rs. 192 billion, collecting Rs. 3,440 billion in the first four months of 2024-25 against a target of Rs. 3,636 billion.
October’s collection alone fell short by Rs. 102 billion. The FBR now anticipates a further Rs. 230 billion shortfall in the October-December quarter.
The government has committed to the IMF to introduce additional tax measures if collections fall 1% below projections for the fiscal year.
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The FBR had collected Rs 7,366 billion during July-April (2023-24) against the assigned revenue collection target of Rs 7,414 billion, reflecting a shortfall of Rs 48 billion.
Meanwhile, only 105 shopkeepers and retailers were registered with ‘Tajir Dost App’ of the FBR till the deadline of April 30, 2024.
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The incumbent government has pledged reforms in FBR and tax collections for revamping performance relating to revenue.
 missed its target by Rs. 192 billion, collecting Rs. 3,440 billion in the first four months of...Rea More){kind=link}