Rs12.957trn twice-downward revised tax target achieved

ISLAMABAD: The Federal Board of Revenue (FBR) has achieved the twice-downward revised tax collection target of Rs12,957 billion for 2025-26.

Amazingly, the net collection of the tax machinery stood at record Rs 13,001 billion for the whole fiscal year of 2025-26.

The credit goes to the entire tax machinery particularly FBR Chairman Rashid Mahmood Langrial and FBR Member Inland Revenue (Operations) Zubair Bilal, who supervised and monitored the whole tax collection and enforcement/administrative actions without causing harassment to the taxpayers.

The gross FBR’s tax collection has crossed Rs 13 trillion mark for the whole fiscal year of 2025-26. The gross tax collection of the FBR resulted in total tax collection of Rs 13001 billion.

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According to the FBR officials, the annual target was reduced from Rs 14,130 billion to Rs12,957 billion for 2025-26. The said revised target has been amassed.

The revised tax collection target of Rs 1,757 billion for June has also been achieved.

Total gross tax collection crossed Rs13 trillion mark during whole fiscal year of 2025-26. However, the FBR issued refunds of over Rs40 billion to facilitate the business community particularly exporters.

Breakup of tax collection revealed that the income tax collection was around Rs6578 billion; sales tax collection nearly Rs4262 billion; Federal Excise Duty Rs840 billion and collection of customs duty stood at Rs 1330 billion.

The tax collection target of the FBR was revised downward from Rs14,307 billion to Rs13,979 billion for 2025-26, reflecting a decrease of Rs328 billion.

Later, the target was further reduced to Rs12,957 billion for 2025-26.

On the other hand, if the tax collection has been compared with target of Rs13,979 billion, the shortfall stood at Rs 1,022 billion during 2025-26, keeping in view collection of Rs12,957 billion during this period.

Copyright Business Recorder, 2026