ISLAMABAD: Prime Minister Shehbaz Sharif has set a revenue collection target of more than Rs15 trillion for the Federal Board of Revenue (FBR) in fiscal year 2026-27 after the tax authority achieved a record collection during the previous financial year.
Chairing a meeting with senior FBR officials at the Prime Minister’s Office, the prime minister congratulated officers on collecting a record Rs12.957 trillion in revenue during FY2025-26, describing the achievement as a major milestone in Pakistan’s economic journey driven by reforms, digitisation and institutional teamwork.
FBR Assigned Revenue Target Above Rs15 Trillion
Prime Minister Shehbaz said the FBR’s performance demonstrated the success of the government’s reform agenda and expressed confidence that the tax authority would achieve the new revenue target of over Rs15 trillion in the current fiscal year.
He noted that the timely disbursement of nearly Rs600 billion in tax refunds during FY2025-26 had provided significant relief to businesses and supported Pakistan’s export sector.
Government Team Praised for Tax Reforms
The prime minister commended 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 members of the government’s economic team for their role in improving tax collection.
He also paid tribute to Field Marshal Syed Asim Munir and law enforcement agencies for helping curb smuggling and ensuring the safety of FBR personnel, while recognising the efforts of tax officers serving in remote areas.
Digital Tax Administration to Be Expanded
Highlighting future reforms, Prime Minister Shehbaz directed the FBR to continue its transition towards a digital and faceless tax administration system with minimal human interaction to improve transparency, efficiency and taxpayer confidence.
He instructed officials to prioritise taxpayer facilitation alongside revenue collection by broadening the tax base, enhancing transparency and improving public services.
The prime minister also ordered the formation of a high-level committee to recommend measures for improving the career structure and service progression of officers in the Pakistan Customs Service and Inland Revenue Service.
Karachi, Lahore LTOs Lead Collections
During the meeting, FBR officials briefed the prime minister on tax collection performance across the country.
According to the briefing, the Karachi Large Taxpayers Office collected Rs528 billion in June 2026, while the Lahore Large Taxpayers Office generated Rs261 billion during the month.
Officials also reported that customs duty collection at airports increased by 21% over the past year.
Outlook
With a new revenue target exceeding Rs15 trillion, the government is aiming to build on last year’s record performance through continued tax reforms, digitalisation and stronger enforcement.
Officials believe that expanding the tax base, improving compliance and enhancing taxpayer services will be central to achieving the ambitious collection target during FY2026-27.
