Archive · Business Recorder
‘Two factors result in tax collection shortfall’
ISLAMABAD: Two big unavoidable and unanticipated factors resulted in shortfall of tax collection of the Federal Board of Revenue (FBR) during July-October (2026-27) including an extraordinary high/ over ambitious target, less collection from few key sectors including financial companies/ banks, state owned enterprises (SOEs) and power sector during this period. Sources told Business Recorder that the Federal Board of Revenue (FBR) collected Rs 30 billion less from financial companies under the head of monthly advance tax collection in October 2026. The FBR was anticipating Rs 30-35 billion add...
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