Latest news with #Rs1110
Business Recorder
3 days ago
- Business
- Business Recorder
May: FBR's provisional collection over Rs935bn
ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected over and above Rs 935 billion in May 2025 against the assigned target of Rs1110 billion, reducing shortfall to Rs175 billion. Till now, the FBR has collected Rs10,244 billion during July-May (2024-25) period against the target of Rs 11,240 billion, further reducing the shortfall to Rs 1016 billion, according to updated revenue collection figures of the FBR late Saturday night. Copyright Business Recorder, 2025
Business Recorder
4 days ago
- Business
- Business Recorder
FBR misses May target by Rs206bn
ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs 904 billion in May 2025 against the assigned target of Rs1110 billion, reflecting a massive shortfall of Rs 206 billion. The FBR has collected 10,213 billion during July-May (2024-25) period against the target of Rs 11,240 billion, reflecting a shortfall of Rs 1027 billion. Rs118bn short of target: April provisional collection totals Rs845bn The shortfall has been increased from Rs 703 billion during July-March (2024-25) to Rs 821 billion during July-April (2024-25). Now the shortfall has been further increased to Rs 1027 billion during July-May (2024-25) period. The tax machinery is facing an impossible task to collect Rs 2121 billion during last month of current fiscal year i.e. June 2025. The government had downward revised the FBR's annual tax collection target from Rs 12,913 billion to Rs 12,334 billion for 2024-25. Copyright Business Recorder, 2025
