In a dramatic fiscal move, the Finance Bill 2025 has dropped a heavy hammer on the Pakistani public, proposing an enormous burden of over Rs600 billion in new taxes and enforcement measures.
(more…)Tag: tax collection
-
FBR’s tax collection target revised down to Rs11.90 trillion for FY25
Islamabad, June 10, 2025 – The federal government has officially revised downward the tax collection target for the Federal Board of Revenue (FBR) for the current fiscal year 2024-25, lowering it to Rs11.90 trillion from the earlier target of Rs12.97 trillion. This downward revision reflects the challenges faced in meeting revenue goals amid ongoing economic pressures.
(more…) -
FBR sees 19% growth in May tax collection but falls short of target
Karachi, May 31, 2025 – The Federal Board of Revenue (FBR) recorded a notable 19% year-on-year increase in tax collection for May 2025, though it fell short of meeting its monthly target, according to a report by Arif Habib Limited.
(more…) -
Budget 2025-26 eyes revenue with tough new measures
Karachi, May 29, 2025 — As the countdown begins for the presentation of Budget 2025-26 on June 10, economic analysts anticipate a challenging fiscal blueprint aimed at aggressive revenue mobilization amid low inflation and sluggish GDP growth.
(more…) -
Tax collection shortfall crosses Rs800 billion in 10MFY25
Islamabad, May 1, 2025 – Pakistan’s tax collection performance continues to struggle as the Federal Board of Revenue (FBR) faces a widening shortfall that has now exceeded Rs800 billion during the first 10 months (July to April) of the current fiscal year (FY2024-25).
(more…) -
FBR Must Collect Rs 1.50 Trillion Monthly to Meet FY25 Target
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.
(more…) -
Pakistan Tax Blueprint for the Remainder of FY25
Islamabad, March 17, 2025 – The government of Pakistan has revised its tax collection target for the fiscal year 2024-25, adjusting it from PKR 12.97 trillion to PKR 12.35 trillion following negotiations with the International Monetary Fund (IMF).
(more…) -
FBR falls short of January tax collection target by Rs 85 billion
Islamabad, February 1, 2025 – The Federal Board of Revenue (FBR) has missed its tax collection target for January 2025, falling short by Rs 85 billion. The total tax revenue collected by the FBR for the month amounted to Rs 872 billion, which was significantly below the target of Rs 957 billion.
(more…) -
Aurangzeb Confident Over Achieving FY25 Tax Collection Target
Finance Minister Muhammad Aurangzeb on Monday expressed optimism that Pakistan will successfully meet its tax collection target for the fiscal year 2024-25. During a televised interview on Bloomberg’s program, The Asia Trade, Aurangzeb highlighted that Pakistan’s tax-to-GDP ratio had risen to 10.8% by December 2024.
(more…) -
KPRA Posts Impressive 45% Tax Collection Growth in 1HFY25
The Khyber Pakhtunkhwa Revenue Authority (KPRA) has achieved remarkable progress in tax collection, amassing Rs 24.2 billion during the first six months (July – December) of the fiscal year 2024-25. This represents an impressive 45% growth compared to the Rs 16.7 billion collected in the same period last year, showcasing an increase of Rs 7.5 billion in revenue.
(more…)