Tax collection rises 14pc to Rs748.6bn

The Federal Board of Revenue (FBR) collected Rs748.6bn in July, surpassing its monthly target and posting a 14 per cent year-on-year increase, signalling renewed economic momentum in the country. The collection in July compares with Rs659bn in the same month last year. The performance reflects a promising start to the fiscal year and aligns with the government’s push for stronger enforcement and tax compliance. In FY25, the FBR missed its annual target by nearly Rs163bn, collecting Rs11.737tr against a revised target of Rs11.9tr. However, this still represented a 26.19pc year-on-year growth from Rs9.301tr in FY24. To maximise revenue in FY25, the FBR has announced stricter enforcement measures, including efforts to curb leakages and tax fraud. Officials anticipate notable gains through the digital monitoring of production in key industrial sectors.