ISLAMABAD: The government has reached an agreement with the International Monetary Fund (IMF) to reduce Pakistan’s tax collection target by Rs150 billion, official sources confirmed on Thursday. According to Federal Board of Revenue (FBR) officials, the target has been revised down from Rs14.131 trillion to Rs13.981 trillion for the current fiscal year. The IMF, however, has […]
tax target
PM pushes for IMF approval to lower FBR tax target by Rs250 billion for FY26
Prime Minister Shehbaz Sharif has asked the International Monetary Fund (IMF) to allow a cut in next year’s tax target. The government wants to reduce the Federal Board of Revenue’s (FBR) target by Rs250 billion for fiscal year 2025–26. The proposed target is Rs14,057 billion, instead of the earlier Rs14,307 billion. Officials say this change […]
FBR misses tax target by Rs833 billion as government spending surges
The Federal Board of Revenue (FBR) has fallen short of its tax target by Rs833 billion in the first ten months of the fiscal year. This shortfall comes despite record tax hikes, reduced refunds, and an increase in collections by Rs1.95 trillion compared to last year. The April shortfall alone was Rs139 billion, exceeding the […]