{"id":96562,"date":"2024-03-03T10:00:00","date_gmt":"2024-03-03T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=96562"},"modified":"2024-03-01T13:05:18","modified_gmt":"2024-03-01T08:05:18","slug":"fbr-show-strong-growth-amidst-shortfall","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-show-strong-growth-amidst-shortfall.html","title":{"rendered":"FBR exceeds FY\u2019s tax collection target despite Feb\u2019s shortfall"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) has maintained a strong performance in tax collection, surpassing the overall target for the first eight months of the fiscal year, as revealed in a news article on February 29.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-issues-tax-submission-proposal-deadline.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR issues deadline for submission of tax proposals for Budget 2024-25<\/a><\/p>\n\n\n\n<p>Despite a slight shortfall in February, the FBR has demonstrated resilience and growth in revenue generation. In February 2024, the FBR collected PKR 681 billion, slightly below the assigned target of PKR 714 billion, resulting in a shortfall of PKR 33 billion. This marks the second consecutive month of a minor deficit in tax collection. <\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-brings-forward-new-tax-protocols.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR takes measures to safeguard taxpayers<\/a><\/p>\n\n\n\n<p>However, it&#8217;s important to note that the FBR has successfully met its overall tax collection target for the first eight months of the fiscal year. Surpassing the target of PKR 5,829 billion, the FBR has achieved a remarkable growth of 30% during this period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has maintained a strong performance in tax collection, surpassing the overall target for the first eight months of the fiscal year, as revealed in a news article on February 29. Read: FBR issues deadline for submission of tax proposals for Budget 2024-25 Despite a slight shortfall in February, the FBR has demonstrated resilience and growth in revenue generation. In February 2024, the FBR collected PKR 681 billion, slightly below the assigned target of PKR 714 billion, resulting in a shortfall of PKR 33 billion. This marks the second consecutive month of a minor deficit in tax collection. Read: FBR takes measures to safeguard taxpayers However, it&#8217;s important to note that the FBR has successfully met its overall tax collection target for the first eight months of the fiscal year. Surpassing the target of PKR 5,829 billion, the FBR has achieved a remarkable growth of 30% during this period.<\/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":[54453,19230],"persona":[],"class_list":{"0":"post-96562","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-federal-board-of-revenue-fbr","10":"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 Show Strong Growth Amidst Shortfall - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR surpasses fiscal year targets, showcasing robust performance in collection for the first eight months. Read for more information!\" \/>\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-show-strong-growth-amidst-shortfall.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR Show Strong Growth Amidst Shortfall - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR surpasses fiscal year targets, showcasing robust performance in collection for the first eight months. 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