The Federal Board of Revenue (FBR) has reported a revenue shortfall of Rs 110 billion in April, missing its target of Rs 963 billion and collecting Rs 850 billion instead.
Despite facing a shortage, the Federal Board of Revenue (FBR) has seen a strong 30% increase in income compared to last year.
From July to April, it collected over Rs 8,500 billion. However, it still fell short of its target for the period by Rs 815 billion, as the goal was Rs 10,130 billion.
FBR Chairman Rashid Mahmood Langrial said the rise in income was mainly due to higher collections from income tax and sales tax. Income tax went up by 44%, and sales tax rose by 17%. Federal Excise Duty and Customs Duty also showed good growth, both increasing by 31%.
