FBR officials have stated that while there may be a potential shortfall of Rs40 to Rs50 billion in the tax target, it is not a significant concern.
The FBR’s target for January 2025 is Rs956 billion, and officials remain confident that they will come close to achieving this goal.
The tax collection target for the period from July to March is set at Rs3.15 trillion.
FBR officials expect an increase in tax receipts as economic activity picks up in March.
In December 2024, the FBR set a new record by collecting Rs1.33 trillion in taxes.
Despite a Rs384 billion shortfall in tax revenue from July to December 2024-25, the total collection for the first half of the fiscal year reached Rs5.624 trillion, falling short of the target of Rs6.8 trillion.
FBR officials also clarified that the International Monetary Fund (IMF) monitors tax collection quarterly, not monthly.
