FBR Collects Record Rs1 Trillion in December with Direct Taxes Making up 59%
• FBR collected over Rs1 trillion in a single month for the first time ever in December 2023 • Total collection was Rs1,021 billion, with net collection of Rs984 billion after refunds • Six-month revenue target agreed with IMF was surpassed by Rs43 billion • Import compression continues to impede revenues, but FBR raised more domestic taxes • Share of Direct Taxes increased to 49% in first six months and 59% in December