The Federal Board of Revenue (FBR) missed its four-month target after FBR tax collection reached Rs4.089 trillion in July to October of FY27, against a target of Rs4.185 trillion, a shortfall of Rs96 billion, according to provisional figures.
Where Collections Fell Short
Net collections grew about 6 percent year on year. Income tax brought in Rs1.861 trillion against a target of Rs2.009 trillion, a gap of Rs148 billion, with growth of about 4 percent. Customs duty stood at Rs427 billion against Rs449 billion, a Rs22 billion shortfall.
Where It Did Better
Sales tax collections were Rs1.524 trillion against a target of Rs1.448 trillion, a surplus of Rs76 billion and about 12 percent higher than last year. Federal excise duty was roughly on target at about Rs278 billion, up around 7 percent.
October and Refunds
October collections were Rs1.003 trillion against a monthly target of Rs1.132 trillion, a shortfall of about Rs129 billion, though October was still higher than the same month last year. Gross receipts were about Rs4.355 trillion, and refunds of Rs265 billion cut net collections. Refunds were about 29 percent higher than the Rs206 billion paid in the same period last year.
The gap in FBR tax collection is closely watched because the government has built its budget around the annual target. Analysts say income tax, which carries the largest weight, will need to pick up sharply if the shortfall is to be recovered during the rest of the fiscal year.
FBR Tax Collection Outlook
The government has set an annual target of Rs15.264 trillion for the current fiscal year, and will need a substantially faster collection pace over the remaining eight months to meet it.
At a Glance
- Collected: Rs4.089 trillion, target Rs4.185 trillion
- Shortfall: Rs96 billion, growth about 6 percent
- Income tax and customs behind target, sales tax ahead
- Annual target: Rs15.264 trillion
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