ISLAMABAD – Prime Minister Shehbaz Sharif on Wednesday lauded the Ministry of Finance and the Federal Board of Revenue (FBR) for achieving a record 42% rise in federal tax revenue during FY 2024–25 — the highest in a decade.
While chairing a high-level meeting to review FBR’s digitization and reform progress, the prime minister was briefed that the government collected Rs 865 billion more than last year. This remarkable boost also raised the revenue-to-GDP ratio to 11.3%, showing a 1.5% improvement from the previous fiscal year.
PM Shehbaz stressed that no department would be allowed to show complacency in meeting revenue and economic goals. He reaffirmed his commitment to personally monitor each stage of the revenue collection process to ensure full implementation of the government’s economic targets.
He instructed FBR to treat taxpayers with respect and urged all public departments to fully support FBR’s operations. He also directed officials to broaden the tax net using digital tools and strict enforcement, aiming to bring untaxed sectors into the system.
Key directives included expanding the Track and Trace system to cover all production and supply stages, making digital production mandatory for non-compliant businesses, and widening the Point of Sale (POS) system in retail for better documentation.
The Prime Minister also praised the successful approval of the new fiscal year’s budget and stressed that the government remains fully committed to ensuring a stronger and more transparent economy for Pakistan’s future.