July 31, 2026
Petroleum Minister Ali Pervaiz Malik has told a Senate committee that any cut in the petroleum levy is unlikely to win IMF approval unless the government identifies an alternative revenue source. Lawmakers used the session to challenge the daily fuel pricing system as a burden on consumers.
July 11, 2026
Pakistan's Federal Board of Revenue collected over Rs13 trillion in fiscal year 2025-26, exceeding its revised target of Rs12.983 trillion by more than Rs21 billion in what officials described as a historic first. Stronger-than-expected income tax receipts drove the outperformance. The IMF is now pushing an Rs15.6 trillion target for FY2026-27 — approximately 20% above FY26 collections — while the FBR has indicated it cannot realistically collect more than Rs15 trillion.
July 11, 2026
Pakistan's Federal Board of Revenue collected over Rs13 trillion in fiscal year 2025-26, exceeding its revised target of Rs12.983 trillion by more than Rs21 billion in what officials described as a historic first. Stronger-than-expected income tax receipts drove the outperformance. The IMF is now pushing an Rs15.6 trillion target for FY2026-27 — approximately 20% above FY26 collections — while the FBR has indicated it cannot realistically collect more than Rs15 trillion.
July 4, 2026
Pakistan's Federal Board of Revenue collected Rs13.004 trillion in the fiscal year ending June 2026, exceeding the downwardly revised target of Rs12.983 trillion by Rs21 billion. The result was driven by a surge in income tax collection in June; sales tax, customs duty, and federal excise duty all fell short of their respective targets.
LAHORE: Pakistan’s largely informal gold market is eroding economic value, weakening consumer confidence and discouraging investment, with more than 90% of transactions taking place outside formal channels, the Pakistan Business Forum (PBF) has warned. According to a statement issued on Friday, the Forum said Pakistan consumes an estimated 60 to 90 tonnes of gold annually, yet most transactions remain undocumented. This widespread irregularity, he said, distorts prices, encourages smuggling and underpricing and leads to significant revenue losses. The country is also heavily dependent on imports, with gold imports estimated at around $17 million in FY2023-24. The Forum said the sharp
A policeman walks past the Federal Board of Revenue (FBR) office building in Islamabad, Pakistan, on August 29, 2018. — Reuters Earlier estimates warned that the gap could widen by as much as Rs 500 billion. FBR revised annual tax collection target to Rs 13,979 billion. FBR collected Rs 1,421 billion against a set target of Rs 1,446 billion in December. The Federal Board of Revenue (FBR) has missed its International Monetary Fund (IMF)-linked revenue target for the first half of the current financial year, falling short by Rs336 billion. The News reported on Thursday. Against the agreed target of
This handout photo provided by the Royal Palace of Saudi Arabia shows Saudi Crown Prince Mohammed bin Salman signing the state budget during a cabinet meeting in the capital Riyadh on December 7, 2022. — AFP 2026 budget projects deficit of 165 billion riyals. Saudi Arabia halfway through its Vision 2030 strategy. The next phase of the Vision 2030 plan will emphasize implementation. Saudi Arabia approved its 2026 state budget on Tuesday, forecasting a narrower fiscal deficit as it shifts spending to priority sectors such as industry and logistics in a push to boost non-oil revenue. The kingdom projected a
A representative image showing the FBR logo. — FBR Website/File FBR top brass are hoping to cross Rs 900 billion in November. The net collection of the tax authority in November is 0.892 trillion. Achieving the annual target of Rs 14,130 billion seems impossible. Islamabad: The Federal Bureau of Revenue (FBR) is facing a shortfall of Rs 143 billion to meet the desired target for November with subdued economic activities, closure of industrial units and hike in tax rates doubling the revenue shortfall. The News reported on Sunday. FBR top brass are hopeful that revenue collection can cross the Rs
Islamabad: The National Finance Committee Award (NFC), which provides the constitutional framework for the distribution of federal government tax revenue in the provinces for the management of their annual expenses, is in the news today. The distributions are made of a predetermined divisor group of taxes and duties collected and collected by the federal government. In this respect, accusing the current share (42.5%) of the federal government in the press on the ever -increasing debt trap was a popular issue among many in the federal elite. They want to grow. This suggests that the provinces go beyond. However, the growing
A ruthless image of the Federal Revenue Council (FBR) building in Islamabad. – Apply/file The research has begun the preparation and leak of the report of the report. PCA’s allegations of incorrect obsession and TBML excluded from FBR. The excessive deficit, the RS58M was found against the RS53BN claimed. ISLAMABAD: The Federal Revenue Council (FBR) rejected the Pakistan Customs Audit (PCA) report, which reported $ 100 billion in revenue losses after the introduction of Famotian Customs Customs Evaluation (FCA). The news reported. According to officials, the report was drawn up by two degraded officers. A research committee has been set
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October 26, 2026
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October 26, 2026
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