The Federal Board of Revenue collected Rs. 1,180 billion in March 2026, falling short of its monthly target of Rs. 1,367 billion by Rs. 187 billion.
According to sources, income tax remained the largest contributor with Rs. 680 billion collected during the month. Sales tax contributed Rs. 318 billion, followed by federal excise duty (FED) at Rs. 77 billion and customs duty at Rs. 105 billion.
For the first nine months of the fiscal year (July–March 2025–26), the FBR collected Rs. 9,305 billion against a revised target of Rs. 9,915 billion, resulting in a cumulative shortfall of Rs. 610 billion.
The revenue authority has committed to the International Monetary Fund to generate additional income through measures such as Super Tax and surcharges in an effort to bridge the gap and meet its annual target.
Despite introducing new taxation and enforcement measures in the last budget, the FBR has consistently struggled to achieve its monthly collection targets.
The overall tax collection target for FY2025–26 was also revised downward from Rs. 14,307 billion to Rs. 13,979 billion, reflecting a reduction of Rs. 328 billion amid ongoing fiscal challenges.
