The Federal Board of Revenue (FBR) surpassed its five-month tax collection target of nearly Rs2.7 trillion, Federal Finance Minister Ishaq Dar said on Thursday.

According to 24NewsHD TV channel, the finance minister said Rs538.4b tax was collected against the target of Rs537b in November.

Reportedly, the FBR stated that income tax return filing still remained a big challenge for the revenue board during July-November of the current fiscal year.

The FBR continues to demonstrate excellent performance in revenue collection for the fifth consecutive month of the current financial year and has exceeded both the five-month target as well as monthly target, it added.