{"id":96288,"date":"2024-02-04T10:00:00","date_gmt":"2024-02-04T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=96288"},"modified":"2024-02-06T12:54:08","modified_gmt":"2024-02-06T07:54:08","slug":"fbr-achieves-milestone-despite-missed-target","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html","title":{"rendered":"FBR misses monthly income tax-collection target; collects PKR 5.12 tn in Jan 2024"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) has reached its seven-month target of PKR 5.12 trillion in income tax collection, despite missing the monthly target, as reported by a news source on February 1.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-implement-unified-tax-filing-telecom.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR rolls out Unified Tax Filing for telecom, filing scheduled for Feb 24<\/a><\/p>\n\n\n\n<p>The news source reported with details that the FBR has missed the monthly target by PKR 9 billion or 1.3% for the first time in the fiscal year. This shortfall, though attributed by tax authorities to the interim finance minister&#8217;s focus on restructuring the FBR, has not significantly impacted the overall revenue. The department has reached PKR 5.15 trillion so far, marking a substantial increase of PKR 1.15 trillion or 31% over the same period in the previous fiscal year.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-to-go-digital-approved-govt.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR digitisation plan gets nod from caretaker regime<\/a><\/p>\n\n\n\n<p>Under the arrangement with the International Monetary Fund (IMF), any shortfall exceeding 1% might necessitate a mini-budget. The FBR is required to inform the IMF monthly about revenue collection progress and implement backup measures in case of a shortfall. Despite tensions between the tax machinery and the government over the restructuring drive, the federal cabinet approved the restructuring, although the Election Commission of Pakistan halted the process immediately.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has reached its seven-month target of PKR 5.12 trillion in income tax collection, despite missing the monthly target, as reported by a news source on February 1. Read: FBR rolls out Unified Tax Filing for telecom, filing scheduled for Feb 24 The news source reported with details that the FBR has missed the monthly target by PKR 9 billion or 1.3% for the first time in the fiscal year. This shortfall, though attributed by tax authorities to the interim finance minister&#8217;s focus on restructuring the FBR, has not significantly impacted the overall revenue. The department has reached PKR 5.15 trillion so far, marking a substantial increase of PKR 1.15 trillion or 31% over the same period in the previous fiscal year. Read: FBR digitisation plan gets nod from caretaker regime Under the arrangement with the International Monetary Fund (IMF), any shortfall exceeding 1% might necessitate a mini-budget. The FBR is required to inform the IMF monthly about revenue collection progress and implement backup measures in case of a shortfall. Despite tensions between the tax machinery and the government over the restructuring drive, the federal cabinet approved the restructuring, although the Election Commission of&hellip;<\/p>\n","protected":false},"author":88,"featured_media":75334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[54453,18032,3193],"persona":[],"class_list":{"0":"post-96288","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-fbr-news-and-updates","9":"tag-fbr-sales-tax","10":"tag-federal-board-of-revenue","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR Achieves Milestone Despite Missed Target - Zameen News<\/title>\n<meta name=\"description\" content=\"Despite falling short of its monthly target, the Federal Board of Revenue (FBR) successfully reached its seven-month income tax.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR Achieves Milestone Despite Missed Target - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Despite falling short of its monthly target, the Federal Board of Revenue (FBR) successfully reached its seven-month income tax.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-04T05:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-06T07:54:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Zohaib Nasir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Zohaib Nasir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR Achieves Milestone Despite Missed Target - Zameen News","description":"Despite falling short of its monthly target, the Federal Board of Revenue (FBR) successfully reached its seven-month income tax.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html","og_locale":"en_US","og_type":"article","og_title":"FBR Achieves Milestone Despite Missed Target - Zameen News","og_description":"Despite falling short of its monthly target, the Federal Board of Revenue (FBR) successfully reached its seven-month income tax.","og_url":"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2024-02-04T05:00:00+00:00","article_modified_time":"2024-02-06T07:54:08+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","type":"image\/jpeg"}],"author":"Muhammad Zohaib Nasir","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Muhammad Zohaib Nasir","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html"},"author":{"name":"Muhammad Zohaib Nasir","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/3151a12b88809f78b4962fae945c74e6"},"headline":"FBR misses monthly income tax-collection target; collects PKR 5.12 tn in Jan 2024","datePublished":"2024-02-04T05:00:00+00:00","dateModified":"2024-02-06T07:54:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html"},"wordCount":208,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","keywords":["FBR news and updates","Fbr sales tax","Federal Board of Revenue"],"articleSection":["Notices &amp; Announcements"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html","url":"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html","name":"FBR Achieves Milestone Despite Missed Target - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","datePublished":"2024-02-04T05:00:00+00:00","dateModified":"2024-02-06T07:54:08+00:00","description":"Despite falling short of its monthly target, the Federal Board of Revenue (FBR) successfully reached its seven-month income tax.","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/fbr-achieves-milestone-despite-missed-target.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"FBR misses monthly income tax-collection target; collects PKR 5.12 tn in Jan 2024"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/3151a12b88809f78b4962fae945c74e6","name":"Muhammad Zohaib Nasir","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/WhatsApp-Image-2023-07-12-at-8.18.24-AM-96x96.jpeg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/WhatsApp-Image-2023-07-12-at-8.18.24-AM-96x96.jpeg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/WhatsApp-Image-2023-07-12-at-8.18.24-AM-96x96.jpeg","caption":"Muhammad Zohaib Nasir"},"description":"As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.","url":"https:\/\/www.zameen.com\/news\/author\/zohaib-nasir"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/96288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=96288"}],"version-history":[{"count":4,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/96288\/revisions"}],"predecessor-version":[{"id":96315,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/96288\/revisions\/96315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/75334"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=96288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=96288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=96288"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=96288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}