The Federal Board of Revenue (FBR) has achieved its tax collection target for the 2025-26 fiscal year, collecting a gross revenue of Rs13.601 trillion by the end of June, according to official figures.
Officials said the FBR disbursed Rs597 billion in tax refunds during the fiscal year, bringing net tax revenue to Rs13.003 trillion. The net collection exceeded the annual target of Rs12.983 trillion, enabling the tax authority to achieve its revenue goal for the year.
According to official documents, income tax remained the largest source of revenue, contributing Rs6.645 trillion between July 2025 and June 2026. Sales tax generated Rs4.731 trillion, while customs duty collections reached Rs1.385 trillion during the same period.
The FBR also collected Rs840 billion through the federal excise duty, completing the overall revenue mix for the fiscal year.
The latest figures represent an increase compared with the previous fiscal year. In FY2024-25, the FBR collected Rs12.237 trillion in gross taxes. After issuing Rs493 billion in refunds, net revenue for that year stood at Rs11.745 trillion.
Revenue collection also remained strong during the final month of the fiscal year. In June 2026, the FBR collected Rs1.812 trillion against a monthly target of Rs1.753 trillion, surpassing its goal by a comfortable margin.
During June alone, the tax authority issued Rs42 billion in refunds. Income tax accounted for Rs1.041 trillion of the month’s collections, while sales tax contributed Rs510 billion. Customs duty generated Rs164 billion and federal excise duty added Rs95 billion to the monthly total.
The government’s ability to meet its annual tax target is expected to support fiscal management and revenue planning as Pakistan enters the 2026-27 financial year, with authorities continuing efforts to broaden the tax base and improve compliance.