FBR Reports Rs 100 Billion Shortfall in March 2025 Tax Collection

The Federal Board of Revenue (FBR) has just dropped a bombshell, revealing a staggering Rs 100 billion shortfall in tax revenue for March 2025! Their provisional haul? A mere Rs 1,120 billion, crashing well below the lofty target of Rs 1,220 billion. It’s a financial earthquake that’s shaking things up!

Even after scrambling to gather taxes from imports and local sources on Saturday, the revenue gap shrank a bit but still looms large, as Business Recorder confirmed, quoting a top FBR official. This isn’t a one-off glitch—the FBR is in deep water, with a massive Rs 703 billion deficit piling up over the July-March (2024-25) stretch. They managed to rake in Rs 8,464 billion, but that’s a far cry from the Rs 9,167 billion they were supposed to hit.

Facing this revenue crisis, the government has thrown in the towel on ambition, slashing the FBR’s annual target from a sky-high Rs 12,913 billion down to a more “realistic” Rs 12,334 billion for the 2024-25 fiscal year. It’s a stark admission that economic realities are tougher than expected, and the pressure is on like never before!