Despite showing healthy growth of over 17% in tax collection in consecutive eight months, FBR would miss its annual target by around PKR 100Bn in the ongoing FY18. FBR has estimated that its tax collection will reach PKR 3.90Tn as against the budgeted target of PKR 4.01Tn. The tax machinery has recorded a provisional net revenue collection of over PKR 2.26Tn during 8MFY18 as against PKR 1.92Tn collected during 8MFY17. Finance Ministry has already revised the budget deficit target to 5.5% of the GDP due to downward revision of tax collection target.