Early market closures may cost FBR up to Rs20 billion

Islamabad: Pakistan’s tax outlook is facing pressure as early market closures due to economic challenges and energy shortages may result in losses of up to Rs15–20 billion for the Federal Board of Revenue. Officials highlighted that reduced business hours, rising fuel prices, and ongoing power disruptions are slowing commercial activity and affecting tax collection. This development under the Governance & Policy Cluster reflects broader economic stress impacting revenue targets. For Lahore and Punjab, reduced market activity can lower business turnover and economic growth. Lawmakers have urged reforms, stronger enforcement, and expansion of the tax base to address shortfalls. Will these challenges further impact Pakistan’s economy? How will businesses cope?