FBR misses August target by Rs29bn

ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs901 billion in August, missing the projected target of Rs930bn by Rs29bn.

The collection remained stagnant compared to Rs900bn in August 2025. However, the FBR raised Rs1.722 trillion in the first two months (July-August) of 2026-27, exceeding the target of Rs1.710tr by Rs12bn.

The target for the first two months of FY27 was achieved largely because of higher-than-anticipated collection of sales tax and federal excise duty (FED). However, the collection target of income tax and customs duty was missed.

The collection posted a paltry growth of 4pc compared to Rs1.656tr in 2MFY26.

Issues Rs155bn in refunds, rebates to taxpayers in 2MFY27

Issues Rs155bn in refunds, rebates to taxpayers in 2MFY27

In FY26, the FBR had collected over Rs13tr, exceeding the downward revised target of Rs12.983tr by over Rs21bn. Sales tax and FED collection exceeded the target, while income tax and customs duty fell short of their respective targets.

The government has projected an annual revenue collection target of Rs15.264tr for FY27.

The FBR issued Rs155bn in refunds and rebates to taxpayers during July-August FY27, up........

© Dawn Business