FBR faces four-month deficit of Rs 274 billion, despite record return declarations
An undated image of the Federal Board of Revenue (FBR) building in Islamabad. — APP/File Rs 3.840 trillion raised against a target of Rs 4.109 trillion in FY26. IMF emergency taxes planned for January. 5.9 million tax returns were submitted, up 17.6%. ISLAMABAD: The Federal Board of Revenue (FBR) missed its October target, collecting Rs950 billion against a target of Rs1,026 billion, a shortfall of Rs76 billion that pushed the four-month (July-October) gap to Rs274 billion. The News reported on Saturday. Provisional data showed the first-quarter deficit of Rs198 billion widened by Rs76 billion in October. FBR chairman Rashid Mahmood
