FBR cancels tax staff off day

The Federal Board of Revenue (FBR) has instructed all field formations to actively implement enforcement measures to achieve the revised revenue target for the current fiscal year.

This step aims to improve tax collection and meet the targets for the Fiscal Year 2024-25. According to the notification issued by the FBR, these enforcement measures are necessary to address the growing revenue shortfall and achieve the revised target for the current fiscal year.

In the first nine months of FY25, FBR faced a revenue shortfall of Rs. 700 billion, prompting concern. In response to the economic situation, the International Monetary Fund (IMF) allowed the Revenue Division to revise the annual tax target from Rs. 12,970 billion to Rs. 12,370 billion.

The IMF also signaled some flexibility regarding minor tax relief proposals, especially for the low- and middle-income salaried class, depending on further discussions with Pakistani authorities.

The FBR’s decision to extend working days reflects the urgency to recover from the shortfall and ensure compliance. Tax offices across the country are now required to continue full operations six days a week to manage collections more effectively.

These measures are part of broader reforms to stabilize the national economy and ensure the government meets its commitments under IMF guidelines. The move is expected to improve overall tax recovery and help bridge the gap in the country’s financial performance by the end of the fiscal year.