ISLAMABAD: Prime Minister Shehbaz Sharif has set a revenue collection target of more than Rs15 trillion for the Federal Board of Revenue (FBR) for fiscal year 2026-27 after the tax authority achieved its highest-ever annual collection of Rs12.957 trillion during FY2025-26.
Chairing a meeting with senior FBR officials at the Prime Minister’s Office on Thursday, the prime minister congratulated the tax authority on the record performance, describing it as a major milestone for Pakistan’s economy and the result of sustained reforms, digitalisation, and institutional coordination.
Expressing confidence in the government’s reform agenda, Prime Minister Shehbaz said the FBR’s strong performance demonstrated the effectiveness of measures introduced to improve tax administration. He directed the tax authority to achieve the new revenue target exceeding Rs15 trillion during the current fiscal year.
The prime minister also highlighted the timely payment of nearly Rs600 billion in tax refunds during FY2025-26, stating that faster refund processing had provided significant relief to businesses, improved liquidity, and supported the country’s export sector.
He praised Deputy Prime Minister and Foreign Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb, Minister of State for Finance Bilal Azhar Kayani, Attorney General Mansoor Awan, FBR Chairman Rashid Mahmood Langrial, Finance Secretary Imdad Ullah Bosal, and other members of the government’s economic team for their contributions to improving tax collection and strengthening fiscal management.
Prime Minister Shehbaz further acknowledged the role of Field Marshal Syed Asim Munir, law enforcement agencies, and FBR officers serving across Pakistan, particularly those working in remote areas, for assisting anti-smuggling operations and ensuring the safety of tax officials.
Directing the FBR to continue its reform programme, the prime minister instructed officials to accelerate the transition towards a fully digital and faceless tax administration system with minimal human interaction to enhance transparency, efficiency, and taxpayer confidence. He also emphasised the importance of taxpayer facilitation alongside revenue collection by broadening the tax base, improving compliance, and delivering better public services.
During the meeting, the prime minister approved the formation of a high-level committee to recommend improvements to the career structure and service progression of officers belonging to the Pakistan Customs Service and Inland Revenue Service.
Officials briefed the prime minister on tax collection performance across the country, informing him that the Karachi Large Taxpayers Office (LTO) collected Rs528 billion in June 2026, while the Lahore Large Taxpayers Office (LTO) generated Rs261 billion during the same month. They also reported that customs duty collection at airports increased by 21 percent compared to the previous year.
With the revenue target now exceeding Rs15 trillion for FY2026-27, the government is aiming to build on last year’s historic performance through continued tax reforms, digitalisation, stronger enforcement against tax evasion and smuggling, expansion of the tax base, and improved taxpayer services.
