KARACHI: The State Bank of Pakistan (SBP) has transferred Rs. 1.932 trillion in profits to the federal government during the first two months of FY27, exceeding the full-year budget target of Rs. 1.435 trillion by nearly Rs. 500 billion.
According to Finance Ministry data, the transfer significantly surpassed the government’s projected revenue from the central bank. In FY26, the SBP contributed Rs. 2.619 trillion to government revenues, exceeding its original target of Rs. 2.4 trillion.
The federal government collected Rs. 2.36 trillion in non-tax revenue during July and August FY27 against an annual target of Rs. 5.33 trillion. The SBP remained the largest contributor, followed by the petroleum levy, which generated Rs. 220.2 billion during the period.
Other major sources included Rs. 25.85 billion in oil and gas royalties, Rs. 18.83 billion in markup on loans to state-owned enterprises and other entities, and Rs. 16.8 billion in markup from provincial governments.
The government also collected Rs. 27.58 billion through the Climate Support Levy and Rs. 7.22 billion under the New Energy Vehicle Adoption Levy. Provincial government grants contributed another Rs. 34.8 billion, while other taxes generated Rs. 21 billion.
For FY27, the government has set a petroleum levy target of Rs. 1.676 trillion, while projected revenues from oil and gas royalties and the Natural Gas Development Surcharge stand at Rs. 140.5 billion and Rs. 70.81 billion, respectively.
