ISLAMABAD: Pakistan’s Federal Board of Revenue (FBR) has exceeded its revenue collection target for the first month of the 2026-27 fiscal year, collecting Rs820 billion in July against a target of Rs780 billion, reflecting a strong start to the government’s annual revenue drive.
The FBR surpassed the monthly target by Rs40 billion, driven primarily by higher-than-expected collections from sales tax, federal excise duty (FED) and customs duty.
Revenue collections in July also recorded an eight per cent year-on-year increase, rising from Rs756 billion collected during the same month last year.
Sales tax emerged as the strongest contributor, reaching Rs360 billion, exceeding the target by Rs55 billion and registering an 18 per cent increase compared with July last year.
Customs duty collections stood at Rs105 billion, slightly above target, while federal excise duty generated Rs48 billion, also surpassing expectations.
Income tax collections, however, reached Rs308 billion, falling Rs15 billion short of the monthly target despite posting modest growth over the corresponding period last year.
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The FBR also issued Rs99 billion in refunds and rebates during July, up from Rs85 billion a year earlier, aimed at facilitating taxpayers and supporting business activity.
The government has set an ambitious annual tax collection target of Rs15.264 trillion for the current fiscal year after the FBR exceeded its revised revenue target in 2025-26.
Officials said the strong start to the fiscal year provides positive momentum for achieving the government’s revenue objectives while supporting fiscal stability and development priorities.
