Tag Archives: Tax Collection

The Government of Pakistan has initiated an aggressive plan to collect Rs450 billion in taxes through digital enforcement measures to meet this fiscal year’s ambitious Rs12.97 trillion tax target. This plan comes in response to challenges faced in tax collection, including a shortfall in the first quarter and concerns about a weak global economy. The Federal Board of Revenue (FBR) …

FBR Misses August Tax Collection Target by Rs102 Billion The Federal Board of Revenue (FBR) fell short of its August 2024 tax collection target by Rs102 billion, despite taking advances from major cities. The FBR blamed import compression for the shortfall, increasing the likelihood of a mini-budget. The government had set a collection target of Rs898 billion for August, but …

The newly appointed chairman of the Federal Board of Revenue (FBR), Rashid Mahmood Langrial, has raised concerns about the feasibility of the FBR’s ambitious target of collecting Rs40 billion from traders for the current fiscal year. During a high-level meeting chaired by Finance Minister Muhammad Aurangzeb at the FBR headquarters, Langrial questioned the practicality of this goal, noting that the …

The Federal Board of Revenue (FBR) has made a strong start in the new fiscal year by surpassing its first-month target of Rs656 billion. The FBR collected Rs659.5 billion, reflecting a growth rate of just under 22%. This robust performance is crucial as the agency aims for an ambitious annual tax target of nearly Rs13 trillion, which requires a 40% …