FBR Exceeds 3-Month Tax Collection Target

The Federal Board of Revenue (FBR) in Pakistan reported surpassing its 3-month tax collection target for the first quarter of fiscal year 2026-27, collecting Rs. 3,083.5 billion, exceeding the target of Rs. 3,053 billion by around Rs. 30 billion. This 7 percent increase in collection is despite income tax rate cuts introduced on July 1, with gross revenue before refunds reaching Rs.

3,286.7 billion, up about 8 percent from the previous year. September's collection of Rs. 1,360.7 billion also exceeded the monthly target of Rs. 1,343 billion by 11 percent, with income tax collection growing 5 percent to Rs. 1,437 billion. Sales tax emerged as the main contributor to the revenue increase, with net sales tax collection rising 11 percent to Rs. 1,137 billion, exceeding its target by around 8 percent.

Brief written by urgent.news from ProPakistani's own syndicated text. Machine-written — may contain errors; check the original before relying on it.