The Federal Board of Revenue (FBR) has failed to achieve its set tax collection targets for the first half of the current fiscal year 2025-26 (July to December) as well as for the month of December 2025.
As per media reports, FBR faced a revenue shortfall of approximately Rs21 billion in December 2025.
According to the data, FBR’s total provisional net tax collection in December 2025 stood at Rs1,425 billion, while the target was Rs1,446 billion.
Similarly, in the first half of the current fiscal year (July to December), FBR’s total provisional net tax collection amounted to Rs6,169 billion, which is Rs321 billion short of the target of Rs6,490 billion.
The shortfall for the first five months had been Rs315 billion, which increased further after December.
Reports say that the final figures for December may slightly reduce the shortfall, but the overall situation remains concerning.
The significant shortfall in the first half of the year is making it increasingly challenging for FBR to achieve the revised tax target of Rs13.9 trillion set for the current fiscal year.
It is notable that in view of the devastating floods in the country, FBR convinced the IMF to lower the tax collection target from Rs14,131 billion to Rs13.9 trillion.
However, due to the continuous revenue shortfalls, even this revised target now appears at risk.
According to FBR officials, only July 2025 was a month in the current fiscal year in which tax collection exceeded the target.
In July, Rs757 billion was collected against a target of Rs748 billion. In the following months, collections fell short of targets: Rs901 billion against Rs950 billion in August, Rs1,228 billion against Rs1,325 billion in September, Rs951 billion against Rs1,026 billion in October, Rs895 billion against Rs995 billion in November, and Rs1,425 billion against Rs1,446 billion in December, leaving a shortfall of Rs21 billion.
