FBR Achieves Revised Tax Collection Target of Rs12.957 Trillion for FY2025-26

ISLAMABAD: The Federal Board of Revenue (FBR) has successfully achieved its revised tax collection target of Rs12.957 trillion for the fiscal year 2025-26 after the goal was revised downward twice during the year, according to official sources.

Preliminary figures show that the FBR’s net tax collection reached approximately Rs13.001 trillion by the close of the fiscal year, with officials expecting the final amount to increase further after the reconciliation of outstanding figures.

According to FBR sources, the overall tax collection for FY2025-26 crossed the Rs13 trillion mark, reflecting the revenue authority’s success in meeting its revised target.

Officials said the original annual tax target of Rs14.130 trillion was first reduced and later revised to Rs12.957 trillion, which was ultimately achieved. Similarly, the revised tax collection target for June 2026, set at Rs1.757 trillion, was also surpassed.

Sources said the FBR collected Rs1.812 trillion in taxes during June 2026 against the target of Rs1.753 trillion. During the month, the board issued Rs42 billion in tax refunds, while income tax collections totaled Rs1.041 trillion.

In June alone, the FBR collected Rs510 billion in sales tax, Rs95 billion in federal excise duty, and Rs164 billion in customs duty. More than Rs40 billion in refunds were also released to facilitate the business community, particularly exporters.

According to official figures, the FBR collected approximately Rs6.578 trillion in income tax, Rs4.262 trillion in sales tax, Rs840 billion in federal excise duty, and Rs1.330 trillion in customs duty during the fiscal year.

Officials noted that the annual tax target for FY2025-26 was initially reduced from Rs14.307 trillion to Rs13.979 trillion, a downward revision of Rs328 billion, before being revised again to Rs12.957 trillion.

However, officials acknowledged that if collections are compared with the earlier revised target of Rs13.979 trillion, the FBR would still face a shortfall of approximately Rs1.022 trillion for the fiscal year, highlighting the impact of the downward revisions to the revenue target.