FBR beats 2-month tax target by Rs12bn

Citing sources, Mettis Global said the Federal Board of Revenue gathered Rs1,722 billion across July and August, the opening two months of FY27. That total stood Rs12bn above the two-month target of Rs1,710bn. The figures were attributed to sources in the report.

August receipts reached Rs902 billion, a 2% rise from a year earlier, yet the month finished Rs28bn below its Rs930bn target. Taken together, July and August collections were 5% higher than in the corresponding months of the previous year.

Refunds issued over the two months reached Rs155bn, which is Rs31bn more than the amount issued during the same stretch last year. Put together, the figures show collections ahead of target for the period even as the August total missed its monthly figure.