Pakistan is projected to record its lowest budget deficit in 21 years during the outgoing fiscal year 2025–26. The improvement is significant because it signals stronger fiscal discipline under an International Monetary Fund programme. The development impacts government finances, public spending, and economic stability. According to local research house Topline Securities, the budget deficit is […]
FBR tax collection
FBR Out of Demand tax collection doubles to ₨266 billion
Income tax collection under the “Out of Demand” category surged sharply in fiscal year 2024-25, rising 110.3% to ₨266 billion compared to ₨127 billion in the previous year. The Federal Board of Revenue attributed this strong increase to improved enforcement actions and better recovery efforts across field formations. According to the report, “Out of Demand” […]
FBR posts record December tax haul
The Federal Board of Revenue collected record tax revenue in December, officials said in Islamabad. The collection stood at Rs1,427.1 billion, the highest ever for December. It reached 99 percent of the monthly target. FBR officials shared the figures during a briefing to Finance Minister Muhammad Aurangzeb. They said the monthly target was set at […]
Aurangzeb urges FBR to boost tax compliance
Finance Minister Senator Muhammad Aurangzeb has urged the Federal Board of Revenue (FBR) to intensify enforcement and expand Pakistan’s tax net. He praised FBR for collecting Rs1,427.1 billion in December 2025, achieving 99% of the monthly target. The collection marked the highest December revenue in the country’s history. Aurangzeb addressed FBR field formations via video […]