{"id":20807,"date":"2025-01-01T15:36:06","date_gmt":"2025-01-01T10:36:06","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=20807"},"modified":"2025-01-01T15:36:08","modified_gmt":"2025-01-01T10:36:08","slug":"no-mini-budget-as-fbr-reports-tax-revenue-growth","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2025\/01\/01\/no-mini-budget-as-fbr-reports-tax-revenue-growth\/","title":{"rendered":"No mini-budget as FBR reports tax revenue growth"},"content":{"rendered":"\n<p><strong>Federal Board of Revenue (FBR) has announced a significant increase in tax revenue for the first half of the current fiscal year, collecting 26% more than last year.<\/strong><\/p>\n\n\n\n<p>Despite missing the set target, the growth has provided relief from introducing any mini-budget under International Monetary Fund (IMF) pressure.<\/p>\n\n\n\n<p>Between July and December, the FBR collected Rs5,624 billion in taxes, falling short of the Rs6,009 billion target by Rs385 billion. December alone saw a 35% year-on-year growth in tax revenue, with collections reaching Rs1,328 billion against a target of Rs1,373 billion.<\/p>\n\n\n\n<p>Additionally, Rs70 billion in tax refunds were issued during the first half of the fiscal year. The annual tax collection target stands at Rs12,970 billion, with Rs7,346 billion to be raised in the second half to meet this goal.<\/p>\n\n\n\n<p>FBR officials attribute the improved revenue to administrative reforms and financial discipline, and further enhancements in tax collection are under consideration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Board of Revenue (FBR) has announced a significant increase in tax revenue for the<\/p>\n","protected":false},"author":1,"featured_media":20808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[2,215],"tags":[],"class_list":["post-20807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>No mini-budget as FBR reports tax revenue growth - Rapid News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailyrapidnews.com\/eng\/2025\/01\/01\/no-mini-budget-as-fbr-reports-tax-revenue-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No mini-budget as FBR reports tax revenue growth - Rapid News\" \/>\n<meta property=\"og:description\" content=\"Federal Board of Revenue (FBR) has announced a significant increase in tax revenue for the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailyrapidnews.com\/eng\/2025\/01\/01\/no-mini-budget-as-fbr-reports-tax-revenue-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Rapid News\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-01T10:36:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-01T10:36:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/01\/a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#website\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/\",\"name\":\"Rapid News\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailyrapidnews.com\/eng\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2025\/01\/01\/no-mini-budget-as-fbr-reports-tax-revenue-growth\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/01\/a.jpg\",\"contentUrl\":\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/01\/a.jpg\",\"width\":850,\"height\":500},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2025\/01\/01\/no-mini-budget-as-fbr-reports-tax-revenue-growth\/#webpage\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/2025\/01\/01\/no-mini-budget-as-fbr-reports-tax-revenue-growth\/\",\"name\":\"No mini-budget as FBR reports tax revenue growth - 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The collection of revenue exceeds seven-month target indicated the sources. The monthly target of the FBR for January 2021\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"rapid-news-rapidnews-FBR-directed-to-recover-money-paid-over-fake-invoices","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/01\/rapid-news-rapidnews-FBR-directed-to-recover-money-paid-over-fake-invoices.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":20427,"url":"https:\/\/dailyrapidnews.com\/eng\/2024\/11\/11\/imf-team-reaches-pakistan-fbr-reports-rs2-6tr-tax-revenue-in-q1\/","url_meta":{"origin":20807,"position":1},"title":"IMF team reaches Pakistan, FBR reports Rs2.6tr tax revenue in Q1","date":"November 11, 2024","format":false,"excerpt":"An International Monetary Fund (IMF) delegation has arrived in Pakistan and commenced discussions with Federal Board of Revenue (FBR) officials on the nation\u2019s fiscal performance. The team, led by the FBR chairman, briefed the IMF on tax collection and revenue figures for the first quarter of the current financial year.\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/11\/a-17.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":21085,"url":"https:\/\/dailyrapidnews.com\/eng\/2025\/03\/06\/no-mini-budget-needed-to-meet-tax-shortfall-pakistan-assures-imf\/","url_meta":{"origin":20807,"position":2},"title":"No mini-budget needed to meet tax shortfall, Pakistan assures IMF","date":"March 6, 2025","format":false,"excerpt":"The Federal Board of Revenue (FBR) has assured the International Monetary Fund (IMF) that the tax shortfall of Rs 605 billion will be addressed without the need for a mini-budget, as economic review talks between Pakistan and the IMF continue. According to officials, a plan has been presented to the\u2026","rel":"","context":"In &quot;latest&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/03\/a-3.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":22015,"url":"https:\/\/dailyrapidnews.com\/eng\/2025\/10\/31\/heavy-taxes-likely-on-non-filers-solar-buyers-phone-users\/","url_meta":{"origin":20807,"position":3},"title":"Heavy taxes likely on non-filers, solar buyers, phone users","date":"October 31, 2025","format":false,"excerpt":"The federal government has proposed additional tax measures worth Rs200 billion to bridge the revenue gap in the second half of the current fiscal year, after the Federal Board of Revenue (FBR) failed to meet its tax target for the first half. According to official sources, the proposal \u2014 shared\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"tax","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/10\/a-17.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":20133,"url":"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/23\/fbr-massive-crackdown-on-non-filers-from-oct-1st-to-meet-tax-target\/","url_meta":{"origin":20807,"position":4},"title":"FBR massive crackdown on non-filers from Oct 1st to meet tax target","date":"September 23, 2024","format":false,"excerpt":"Federal Board of Revenue (FBR) has announced a decisive crackdown on non-filers, beginning October 1, as part of its efforts to achieve an annual tax target of approximately Rs12,970 billion. Final tax notices will be issued to millions of non-filers as the FBR seeks to enhance compliance. According to FBR\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"FBR massive crackdown on non-filers from Oct 1st to meet tax target","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/FBR-massive-crackdown-on-non-filers-from-Oct-1st-to-meet-tax-target.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":5596,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/28\/fbr-issues-tax-notices-to-2-1-million-pakistanis\/","url_meta":{"origin":20807,"position":5},"title":"FBR issues tax notices to 2.1 million Pakistanis","date":"February 28, 2021","format":false,"excerpt":"The Federal Board of Revenue has issued notices tax notices to 2.1 million people across the country, it said Sunday. These individuals either didn\u2019t file their returns, misinformed the tax authorities or hid their income, the FBR said in a statement. The number of tax filers in Pakistan has increased\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"FBR-FBR-issues-tax-notices-to-21-million-Pakistanis-rapidnews-rapid-news-dailyrapid-dailyrapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/FBR-FBR-issues-tax-notices-to-21-million-Pakistanis-rapidnews-rapid-news-dailyrapid-dailyrapidnews.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/20807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/comments?post=20807"}],"version-history":[{"count":1,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/20807\/revisions"}],"predecessor-version":[{"id":20809,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/20807\/revisions\/20809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media\/20808"}],"wp:attachment":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media?parent=20807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/categories?post=20807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/tags?post=20807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}