Four-month revenue target missed by Rs96bn

Dawn reported that the Federal Board of Revenue collected Rs4.089 trillion from July to October in FY27, Rs96 billion below its Rs4.185 trillion target. The four-month total was 6 per cent higher than the Rs3.840 trillion recorded a year earlier, while October receipts of Rs1.003 trillion missed that month’s target by Rs102 billion.

Income tax collections reached Rs1.861 trillion, trailing the period target by Rs148 billion, and customs duty fell Rs22 billion short at Rs427 billion. Sales tax exceeded its target by Rs76 billion, reaching Rs1.524 trillion, while Federal Excise Duty met its Rs278 billion goal. The FBR also received 7.660 million tax returns by October 31, up 28.93 per cent year on year, and issued Rs265 billion in refunds and rebates. The government’s FY27 revenue goal is Rs15.264 trillion.