ISLAMABAD: Bad news by FBR, because the caretaker government’s claims of improving the fiscal side were exposed as the Federal Board of Revenue (FBR) faced a revenue shortfall of Rs33 billion in February 2024.
According to a The News report, the tax authorities were only able to collect Rs681 billion against the set target of Rs714 billion.
However, the FBR has claimed that it has achieved the tax collection target for the first eight months (July-Feb) period of the current fiscal year.
In a post on X, FBR announced that it surpassed the eight-month target of Rs5,829 billion and registered a growth of 30%.
During February 2024, the FBR collected Rs681 billion against Rs519 billion collected during February 2023, registering a growth of 32%.