According to reports, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial held a high level meeting with Chief Commissioners Inland Revenue and Chief Collectors Customs.
Sources said that FBR Member Inland Revenue (Operations) and FBR Member Customs (Operations) also attended the meeting to address the revenue shortfall during the first six months of fiscal year 2025 to 26. Via video link, the FBR chairman praised field formations for their campaign to recover legally due stuck revenues after legal action. According to sources, tax officials discussed a strategy to meet targets through recoveries from court cases, enforcement, and administrative measures during the remaining months of the current fiscal year.
The meeting was informed that FBR’s tax collection target for fiscal year 2025 to 26 has been revised downward from Rs 14,307 billion to Rs 13,979 billion, a reduction of Rs 328 billion. All heads of field formations shared details of potential tax collection areas for the third quarter (January to March) of FY 2025 to 26. Possible additional revenue measures were also discussed to ensure fiscal targets are met. These include a 5 percent increase in excise duty on fertilizer and pesticides, the imposition of excise duty on sweetened products, and expanding the sales tax base by shifting selected items to the standard rate.
Sources said the latest revenue figures were shared in the meeting, according to which FBR’s total tax collection during the first six months (July to December) of FY 2025 to 26 stood at Rs 6,169 billion against a target of Rs 6,490 billion. This reduced the revenue shortfall to Rs 321 billion.
Provisional data shows that tax collection for December 2025 amounted to Rs 1,425 billion, compared to a monthly target of Rs 1,446 billion, indicating a shortfall of Rs 21 billion.
