Islamabad, November 1, 2025 – Get ready, taxpayers — a massive tax storm is on the horizon! The Federal Board of Revenue (FBR) has been handed an ambitious target to almost double Pakistan’s total tax collection to a staggering Rs22 trillion by fiscal year 2029-30.
The FBR collected Rs11.74 trillion in FY2024-25, meaning the national tax authority must raise an additional Rs10.26 trillion within just five years — a challenge that experts say will demand tough enforcement, digital tracking, and expanded taxation measures.
This monumental target was finalized under a recent loan agreement with the International Monetary Fund (IMF). According to official documents, the IMF and Pakistan reached a Staff-Level Agreement under the Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF). The IMF Executive Board approved the deal on May 9, 2025, outlining stringent fiscal benchmarks for Pakistan up to FY2030.
Under these IMF-backed projections, the FBR must boost direct taxes to Rs10 trillion from Rs5.79 trillion, sales tax to Rs7.54 trillion from Rs3.9 trillion, federal excise duty to Rs1.69 trillion from Rs767 billion, and customs duty to Rs2.6 trillion from Rs1.28 trillion.
Economists warn that doubling revenue in five years will likely trigger intensified audits, digital surveillance, and stricter tax enforcement. The coming years, they say, could mark the toughest tax era Pakistan has ever seen — as the FBR races to meet the IMF’s record-breaking revenue challenge.