The Federal Board of Revenue (FBR) collected Rs. 1,180 billion in March 2026 against a monthly target of Rs. 1,367 billion, posting a shortfall of Rs. 187 billion, sources said.

According to details, income tax collection during March stood at Rs. 680 billion, followed by sales tax at Rs. 318 billion, federal excise duty (FED) at Rs. 77 billion, and customs duty at Rs. 105 billion.

Overall, the FBR collected Rs. 9,305 billion during July–March (2025–26) against the downward-revised target of Rs. 9,915 billion, reflecting a cumulative shortfall of Rs. 610 billion.

Officials said the tax machinery has committed to the International Monetary Fund (IMF) to mobilise additional revenues through the principal component of Super Tax and surcharge measures in an effort to bridge the gap and achieve the revised annual collection target for the ongoing fiscal year.

Despite taxation and enforcement steps introduced in the last federal budget, the FBR has consistently struggled to meet its monthly revenue targets, raising concerns about achieving the overall collection goal.

The annual tax collection target for 2025–26 was recently revised downward from Rs. 14,307 billion to Rs. 13,979 billion, reflecting a reduction of Rs. 328 billion amid slower-than-expected revenue performance.