FBR faces revenue shortfall of Rs41bn in two months
Business
FBR collects a total of Rs5,829 billion during July-February FY 2023-24
ISLAMABAD (Dunya News) - The Federal Board of Revenue (FBR) is facing a revenue shortfall of Rs41 billion during January and February.
Sources said the board collected Rs681 billion in tax revenue instead of the target of Rs714 billion during February, indicating a shortfall of Rs33 billion. It had a shortfall of Rs8 billion in January.
Sources said the revenue shortfall emerged mainly due to the restructuring of FBR by the interim government.
The FBR collected a total of Rs5,829 billion during July-February FY 2023-24.
According to an FBR announcement, a growth of 30 per cent has been recorded in the revenue collection during July to February FY 2023-24.
Read also: FBR reports Rs446bn loss in first nine months - Business
The FBR sources predicted possibility of further revenue shortfall in the coming months.
