The Federal Board of Revenue (FBR) recorded a 30 per cent increase in tax collection during the first seven and half months of 2023-24 owing primarily to the country’s historical inflation rate. In absolute terms, the FBR collected Rs5.150 trillion from July 1, 2023 to mid-February compared to Rs3.973tr in the corresponding period of FY23. During this time, tax refunds increased by more than 28