Tag: tax administration
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SBI Research: GST Revenue in FY26 to Surpass Budget Estimates
GST Revenue in FY26 Expected to exceed Budget Estimates, Says SBI Research The latest SBI Research report indicates that Goods and Services Tax (GST) revenue for the Financial Year 2026 (FY26) is poised to stay higher than the budgeted collections. According to the study, the tax structure, combined with continued economic momentum, will likely push…
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Pakistan’s FBR Faces Rs274 Billion Shortfall in FY26: Tax Filings Hit a Record, Yet Revenue Gaps Persist
Overview: A Paradox of Record Filings and Growing Shortfalls The Federal Board of Revenue (FBR) in Pakistan has reported a widening revenue gap for the first four months of the fiscal year 2025-26, despite witnessing near-record or record levels of tax filings from individuals and businesses. The data points to a complex revenue picture: high…
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Pakistan’s FBR Faces Rs274 Billion Shortfall in Early FY26 Amid Record Filings
Overview: A Record Yet Uneven Tax Frontier Pakistan’s Federal Board of Revenue (FBR) entered FY26 with a paradox: total tax filings hit record levels, yet the revenue shortfall widened in the early months of the fiscal year. In October 2025, the FBR collected Rs950 billion against a target of Rs1,026 billion, translating to a deficit…