Pakistan’s salaried employees paid a record Rs633 billion in income tax during the 2025-26 fiscal year, surpassing the combined contributions of the exporters, retail, and real estate sectors. According to provisional figures from the Federal Board of Revenue (FBR), tax payments from salaried individuals increased significantly from Rs585 billion collected during the previous fiscal year, […]
tax collection
Salaried workers pay more tax than exporters and property sellers
Pakistan’s salaried class remained one of the country’s largest taxpayers during fiscal year 2025-26, contributing significantly more in income tax than several influential sectors, according to provisional figures released by the Federal Board of Revenue (FBR). Read More: Tax relief announced for salaried workers The FBR collected a total of Rs13.01 trillion in taxes during the fiscal […]
FBR achieves FY2025-26 tax target with Rs13.6 trillion collection
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 […]
Bank to observe extended working hours today for tax collection
Banks will observe extended working hours on Tuesday June 30, 2026- the last day of financial year 2025-26- to facilitate over the counter payments of government duties and taxes. According to a statement issued by State Bank of Pakistan, the decision has been taken to facilitate taxpayers in making payments of government duties and taxes […]
PAC-II flags revenue irregularities in Board of Revenue
The Punjab Assembly’s Public Accounts Committee-II (PAC-II) has identified major financial irregularities and revenue leakages within the Board of Revenue, highlighting weaknesses in tax collection and land management systems across Punjab. The findings emerged during a committee meeting chaired by Syed Ali Haider Gilani at the Punjab Assembly, where officials from the assembly, audit, finance […]
FBR misses target by Rs270 billion in first four months
ISLAMABAD – The Federal Board of Revenue (FBR) faced a Rs270 billion revenue shortfall from July to October 2025. The agency collected less than its set target for the first four months of the financial year. The gap highlights ongoing challenges in tax compliance and collection. Sources said FBR collected Rs3,840 billion during this period, […]
FBR faces Rs270 billion shortfall in tax collection
ISLAMABAD: The Federal Board of Revenue (FBR) has reported a tax collection shortfall of Rs270 billion during the first four months of the ongoing fiscal year, from July to October 2025, highlighting continued fiscal challenges for the government. According to official data, the FBR collected Rs3.84 trillion in taxes during this period, against the target […]
Punjab to Establish Special Unit to Boost Tax Collection and Transparency
LAHORE – The Punjab government has announced the creation of a special unit within the Punjab Revenue Authority (PRA) aimed at enhancing tax collection, broadening the tax base, and ensuring transparency in revenue processes. The decision came during a high-level meeting on revenue collection, chaired by Chief Minister Maryam Nawaz Sharif. The new special unit […]
IMF alarmed as Pakistan misses Rs12.97 trillion tax target
The International Monetary Fund (IMF) has raised serious concerns after Pakistan failed to meet its annual tax collection target. The government collected Rs11.74 trillion last fiscal year — well below the Rs12.97 trillion goal. The issue came up during the second round of economic review talks between Pakistani officials and the IMF in Islamabad. The […]
PM Shehbaz hails FBR reforms as key to rising tax collection
ISLAMABAD – Prime Minister Shehbaz Sharif expressed satisfaction over the rise in tax collection due to reforms in the Federal Board of Revenue (FBR). Chairing a weekly review meeting on FBR reforms, the PM said that the improvement in the tax-to-GDP ratio is encouraging. He pledged full support to the reform efforts and said both the […]