FBR Exceeds 3-Month Tax Collection Target
The Federal Board of Revenue (FBR) collected Rs. 3,083.5 billion during the first quarter of fiscal year 2026-27, exceeding its … Read More The post FBR Exceeds 3-Month Tax Collection Target appeared first on ProPakistani .
The Federal Board of Revenue (FBR) surpassed its initial three-month tax collection goal for fiscal year 2026-27, gathering Rs. 3,083.5 billion during the first quarter, which is about Rs. 30 billion above the Rs. 3,053 billion target. This marks a 7 percent increase compared to collection during the same period last year, despite recent income tax rate reductions.
Gross revenue excluding refunds climbed to Rs. 3,286.7 billion, representing an 8 percent rise from the previous year. In September, the FBR collected Rs. 1,360.7 billion of net revenue, exceeding its monthly target by nearly 11 percent, and 1 percent above the September target for the first quarter. The FBR's annual target for 2026-27 stands at Rs. 15.264 trillion, and these numbers are currently provisional.
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