FBR has successfully achieved the revenue target for the first month of the current fiscal year, i.e. July 2024-25. Against the set target of Rs. 656 billion, a net revenue of Rs. 659.2 billion has been collected, despite the issuance of refunds amounting to Rs. 77..9 billion. During this period, Rs. 300.2 billion was collected under the head of Income Tax, Rs. 307.9 billion under the head of Sales Tax, Rs. 37.4 billion under the head of Federal Excise Dury, and Rs. 91.7 billion under the head of Customs Duty. FBR has exhibited a promising start for financial year 2024-25 regarding the revenue collection, by putting in an outstanding effort to achieve the monthly tax target despite all the economic challenges faced by the country. The performance of FBR amidst the current financial and economic difficulties reflects unwavering dedication of the tax officials to achieve the assigned target for the current financial year.
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