FBR misses August target by Rs29bn

According to Dawn, the Federal Board of Revenue collected Rs901bn in August, which fell Rs29bn short of its Rs930bn target. Collections were flat against the Rs900bn gathered in August 2025. Over July and August, however, the tax body raised Rs1.722tr, beating the Rs1.710tr goal by Rs12bn.

Sales tax and federal excise duty beat their targets for the two months, while income tax and customs duty fell short. Sales tax reached Rs718bn, Rs85bn above target and 14pc higher than last year, while income tax came to Rs688bn, Rs70bn below its goal and 3pc lower year on year. Customs duty collected Rs198bn against a Rs201bn target, and federal excise duty brought in Rs118bn, slightly above its Rs117bn goal.

Refunds and rebates to taxpayers rose to Rs155bn in July-August, up from Rs124bn a year earlier. The report attributes stronger sales tax receipts to higher inflation and fuel prices, and notes that record petroleum development levy receipts, with levies of up to Rs120 per litre on petrol, helped offset the revenue shortfall. The government has set an annual collection target of Rs15.264tr for FY27.