FBR Unable to achieve tax targets first 10 months of this fiscal year

FBR Unable to achieve tax targets first 10 months of this fiscal year

Islamabad:

The Federal Board of Revenue (FBR) has failed to achieve the targets of tax receipts for the first ten months of the 2024-25 this fiscal year and last month (April 2025).

In the first ten months of the current financial year, the FBR’s revenue shortfall has increased to Rs 830 billion, while during the last month (April 2025), the FBR has received a revenue shortfall of Rs 118 billion.

Read more: FBR ends the weekend to meet the tax receipts target

FBR sources say the FBR administration has begun to deepen the effects of allowances, privileges and irritation policies of allowances, privileges and rivers and protests against them.

Sources say that in the first ten months of the current fiscal year, the FBR has made interim tax receipts of Rs 963 billion, which is less than Rs 830 billion compared to the target of tax receipts of Rs 10130 billion fixed for the ten months of this fiscal year.

Meanwhile, during the last month (April 2025), the FBR received a total interim net tax of Rs 845 billion, which is Rs 118 billion less than the target of tax receipts of Rs 963 billion set for April 2025.

Read more: FBR Revenue Short Fall reached Rs 725 billion in the first 9 months of this fiscal year

It should be noted that FBR employees are protesting against the freezing allowance and 140 % of the allowances only to the officers and the protest against unfair Rewards Rules.

But now FBR employees are protesting tokens across the country, but they say that if their demands are not accepted, they will be forced to leave the pen.



Source link

Hot this week

OpenAI Co-Founder Andrej Karpathy Joins Anthropic in AI Research Shakeup

Andrej Karpathy, OpenAI co-founder and former AI director with...

China Reports Major Breakthrough in Space Solar Power Technology

China says its Zhuri system wirelessly delivered kilowatt-level power...

Topics

Related Articles