FBR misses collection target for July-August

ISLAMABAD: The revenue collection during the first two months of FY25 fell short of the projected target by Rs99 billion, raising concerns about the tax administration’s ability to make up the gaps in the months ahead.

The Federal Board of Revenue (FBR) collected Rs1.455 trillion in July-August against the projected target of Rs1.554tr, according to provisional figures compiled by the board on Saturday.

However, the July-August collection grew 20pc compared to Rs1.212tr in the same months last year.