Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has ruled out the possibility of a mini-budget as Pakistan gears up for the upcoming International Monetary Fund (IMF) mission visit.
Speaking informally with reporters, Langrial clarified that no proposal for additional taxation is under consideration. He noted that while the government has reviewed options to cope with losses from the recent floods, no decision has been taken to alter the annual revenue target.
According to Finance Ministry sources, the government initially examined the idea of a “flood levy,” but the focus has now shifted toward strengthening tax enforcement to boost revenue instead of introducing fresh taxation.
Prime Minister Shehbaz Sharif has directed officials to secure maximum concessions from the IMF, particularly for flood-affected populations. These include relief in September electricity bills and relaxation in repayment of agricultural loans.
The Finance Ministry is also preparing to brief the IMF on flood-related revenue shortfalls, the FBR’s collection gap, and a potential downward revision in the country’s growth outlook—while pushing for leniency to avoid new taxes.
