Islamabad, March 30, 2025 – The Federal Board of Revenue (FBR) must achieve a monthly tax collection of Rs 1.50 trillion during the last quarter (April – June) to successfully meet its annual fiscal year 2024-25 target.
With only three months remaining in the financial year, the FBR faces mounting pressure to bridge the revenue shortfall and meet its ambitious tax collection goals.
At the beginning of the fiscal year, the revenue collection target was set at Rs 12.913 trillion. However, during the first nine months (July to March), the FBR managed to collect only Rs 8.46 trillion, leaving a substantial gap of Rs 4.45 trillion to be covered in the last quarter. This means the FBR now requires a monthly collection of Rs 1.50 trillion to hit the initial target.
The provisional figures indicate that the FBR’s tax collection from July to March 2024-25 accounts for approximately 66% of the original target. Given this shortfall, reports suggest that the government, in coordination with the International Monetary Fund (IMF), has revised the tax collection target downward to Rs 12.334 trillion. Even with this adjustment, the FBR still needs to collect Rs 3.87 trillion in the final three months, requiring a minimum monthly collection of Rs 1.29 trillion.
Adding to the challenge, the FBR has experienced a shortfall of Rs 703 billion in the first nine months of the fiscal year. The original collection target for this period was Rs 9.17 trillion, but the actual revenue collected fell short, further intensifying the pressure on tax authorities.
Despite these hurdles, the FBR has shown a growth of 26% in tax collection compared to the previous fiscal year. In the July-March period of FY24-25, the FBR successfully collected Rs 8.464 trillion, marking a significant increase from the Rs 6.71 trillion collected during the same period last year.
In March 2025 alone, the FBR provisionally collected Rs 1.12 trillion, missing the assigned target of Rs 1.22 trillion by Rs 100 billion. This revenue gap highlights the urgency of improving collection strategies to ensure the FBR meets its fiscal year target. As the financial year nears its conclusion, all eyes remain on the FBR’s ability to overcome these challenges and achieve its revised collection target.