FBR misses tax target in March.

The Federal Board of Revenue (FBR) claimed on Thursday that it collected Rs4.382 trillion in taxes during the first nine months of current fiscal year but again missed the monthly target by a wide margin due to its failure to increase reliance on direct taxes.

According to the provisional information, the FBR received Rs4.382 trillion during July-March of current financial year 2021-22, showing an increase of 29 percent over the collection made during the same period of previous fiscal year, according to an FBR statement.

However, sources said that till late Thursday night, the provisional collection stood at Rs4.368...