The Federal Board of Revenue (FBR) has provisionally collected around Rs3.072 trillion in taxes during the first quarter of fiscal year 2026-27, according to the latest revenue data. The collection for the July to September period remained above the quarterly target of Rs3.053 trillion, with the revenue authority collecting approximately Rs19 billion more than the assigned target. The first-quarter figures reflect the FBR’s ongoing efforts to increase revenue collection and strengthen tax enforcement while working toward the government’s revenue objectives for the current fiscal year.
September contributed significantly to the quarterly performance, with the FBR provisionally collecting more than Rs1.344 trillion during the month. The September collection was slightly above the monthly target of Rs1.343 trillion, exceeding it by around Rs1 billion. The latest monthly figures followed a stronger overall performance during the first two months of FY27, when the FBR collected Rs1.722 trillion. This amount was approximately Rs12 billion higher than the two-month target of Rs1.710 trillion, keeping the revenue authority above its cumulative target before the close of the first quarter.
The August figures, however, reflected a different monthly trend. During August 2026, the FBR collected Rs902 billion, representing a 2% increase compared with the same month of the previous year. Despite the year-on-year increase, the August collection remained Rs28 billion below the monthly target of Rs930 billion. The shortfall was subsequently offset at the cumulative level by collections in the other months of the quarter, allowing the FBR to finish the July to September period above its overall target.
The revenue authority’s collection during July and August was around 5% higher than the corresponding period of the previous year. The increase indicates that tax receipts during the opening months of FY27 remained above the level recorded in the same period of FY26. The FBR is continuing to focus on improving tax collection through enforcement measures and efforts to broaden the revenue base as it works to meet the targets set for the full fiscal year. The first-quarter performance provides an early indication of collection trends, although the revenue position will continue to depend on monthly receipts throughout FY27.
Alongside tax collection, the FBR also issued significant refunds during the first two months of the fiscal year. The authority paid around Rs155 billion in tax refunds during July and August 2026, which was Rs31 billion higher than the refunds issued during the corresponding period of the previous year. Refund payments form part of the broader revenue management process, with the FBR balancing gross tax receipts against refunds issued to eligible taxpayers. The increase in refunds therefore represents another element of the revenue authority’s financial activity during the opening months of FY27.
The latest figures come as the FBR continues working toward the government’s ambitious tax collection objectives for fiscal year 2026-27. The authority is seeking to maintain collection growth while strengthening enforcement and improving compliance across the tax system. With the first quarter now showing provisional collection of Rs3.072 trillion against a target of Rs3.053 trillion, the FBR has remained above its quarterly revenue requirement. Future monthly collections, refund levels and enforcement measures will determine how the revenue authority progresses against its targets during the remaining quarters of FY27.
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