KARACHI: The Sindh Revenue Board (SRB) recorded a 24 percent year-on-year increase in revenue collection during July–February FY26, reflecting strong growth in Sindh’s services sector taxation.
The performance was reviewed by Syed Murad Ali Shah, Chief Minister of Sindh, during a high-level meeting held at the Chief Minister House on Thursday. The chief minister directed the SRB to further expand the tax base, strengthen action against tax evasion, and accelerate digital reforms to maintain the current revenue momentum.
February Revenue Jumps 41%
According to officials, SRB collected Rs34.86 billion in February 2026, compared to Rs24.66 billion in February 2025, representing a 41 percent increase, supported by an extraordinary recovery of Rs9.5 billion in outstanding arrears.
For the first eight months of FY26 (July–February), the authority collected Rs225.65 billion, up 24 percent from Rs182.6 billion collected during the same period last year.
Record Performance in FY25
SRB Chairman Wasif Memon informed the meeting that the authority achieved record collections of Rs306.6 billion in FY2024–25, with Sindh Sales Tax on Services (SST) contributing Rs284.4 billion, reflecting a 29.5 percent increase compared with Rs237 billion in the previous fiscal year.
June 2025 also marked the highest-ever monthly collection in SRB’s 15-year history, exceeding Rs40.5 billion.
Top Revenue-Contributing Sectors
The meeting was informed that several key sectors continued to drive tax revenue growth. Major contributors included:
Ports, airport and terminal operators: Rs40.2 billion
Telecommunication sector: Rs24.2 billion
Banking sector: Rs20.34 billion
Franchise services: Rs17.53 billion
Insurance sector: Rs14.56 billion
Collectively, the top ten sectors contributed Rs155.6 billion to the provincial revenue during the review period.
Emerging Sectors Show Strong Growth
Several emerging sectors recorded exceptional expansion in tax contributions. The funds and asset management sector posted a remarkable 162 percent growth, generating Rs5.76 billion and entering the list of top contributors for the first time.
Other sectors showing notable growth included:
Goods transportation: 50 percent growth
Software and IT consultancy: 49 percent growth
Technical and engineering consultancy: 44 percent growth
Regional Offices Deliver Strong Results
Regional offices also demonstrated strong performance. The Hyderabad Commissionerate collected Rs20.9 billion, registering 38 percent growth, while the Sukkur and Larkana Commissionerates jointly generated Rs11 billion, reflecting 41 percent growth.
Chairman Wasif Memon attributed the improvement to enhanced monitoring, better taxpayer facilitation, and greater use of digital systems.
Digital Reforms Boost Transparency
SRB officials said digitalisation initiatives have significantly improved tax compliance, with Rs48.42 billion collected through withholding agents during FY2024–25. Automation of tax deductions through government accounting systems has also strengthened transparency.
Meanwhile, collections for the Sindh Workers Welfare Fund increased 55 percent to Rs22.25 billion.
New Anti-Fraud Investigation Wing
The Chief Minister was also briefed about institutional reforms, including the creation of a dedicated Intelligence, Investigation and Prosecution Wing to tackle tax fraud. Officials said this makes the SRB the first provincial revenue authority in Pakistan to establish such a specialised enforcement unit.
Praising the authority’s performance, Chief Minister Syed Murad Ali Shah said the growth in provincial revenues reflects improved governance, transparency, and ongoing institutional reforms, adding that crossing the Rs300 billion revenue mark highlights the growing potential of the services sector in strengthening Sindh’s fiscal position.
