Islamabad — As the International Monetary Fund (IMF) mission visits Pakistan to conclude the third review under the $7 billion Extended Fund Facility (EFF) programme, the Federal Board of Revenue (FBR) is grappling with a significant revenue shortfall in February 2026, raising concerns over the country’s fiscal targets.
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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Aurangzeb approves revised features of low-cost housing scheme, sanctions key grants
Islamabad, February 27, 2026 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Friday approved the revised features of the “Mera Ghar Mera Aashiana (MGMA)” – Mortgage Financing for Low-Cost Housing Scheme, while chairing a meeting of the Economic Coordination Committee (ECC) of the Cabinet. The committee also sanctioned major infrastructural and development-related grants to support housing, agriculture, and energy sectors.
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Pakistan awards 11 oil and gas blocks, attracts Rs8.66 billion investment
Islamabad, February 26, 2026 – The Government of Pakistan has taken a major step to boost domestic energy production by awarding 11 onshore oil and gas blocks to leading national companies, securing a minimum committed investment of Rs8.66 billion (USD 31 million) over the next three years.
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FBR clamps down on trade fraud, strikes Rs30 billion blow
Islamabad, February 26, 2026: The Federal Board of Revenue (FBR) has detected trade fraud cases totaling Rs30.46 billion following the successful rollout of its transformation plan. According to official FBR documents, customs authorities identified 174 cases of misdeclaration and under-valuation, safeguarding Rs1.37 billion in duties and taxes.
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IMF team arrives in Pakistan, formal EFF talks to begin Monday: Aurangzeb
Islamabad, February 25, 2026 – Finance Minister Muhammad Aurangzeb on Wednesday confirmed that a delegation of the International Monetary Fund (IMF) has arrived in Pakistan, with formal talks on the third review of the Extended Fund Facility (EFF) scheduled to commence from Monday.
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PM Shehbaz vows growth, tax reforms, export boost in budget 2026-27
Islamabad, February 25, 2026 – Prime Minister Muhammad Shehbaz Sharif on Wednesday underscored the urgent need to prioritize economic growth, industrial production, exports, and both local and foreign investment in the upcoming federal budget for 2026-27, while calling for a broad-based reduction in indirect taxes to ease the burden on consumers.
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Finance Minister Aurangzeb, World Bank team up to drive Pakistan’s reforms
Islamabad, February 25, 2026 — The World Bank (WB) Country Director for Pakistan, Ms. Bolormaa Amgaabazar, met with Finance and Revenue Minister Senator Muhammad Aurangzeb on Wednesday to discuss enhancing collaboration under the World Bank’s Country Partnership Framework (CPF) and advancing Pakistan’s key reform priorities.
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Pakistan rolls out QR IDs: A game-changer for digital identity
Islamabad, February 24, 2026 – In a major stride toward building a unified, secure, and future-ready digital identity ecosystem, the federal government has officially upgraded Pakistan’s National Identity Card (NIC) and Pakistan Origin Card (POC) frameworks under its flagship vision of “One Nation – One Identity.”
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Banks return dormant funds: SBP receives CY24 unclaimed deposits
Karachi, February 23, 2026 – Around 13 commercial banks in Pakistan have surrendered their unclaimed deposits up to December 31, 2024 to the State Bank of Pakistan (SBP) in compliance with the Banking Companies Ordinance, 1962. This step is part of ongoing efforts to ensure that dormant funds are returned to their rightful owners.
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Finance ministry busts myths on Pakistan’s external debt, interest costs
Islamabad, February 22, 2026 – The Ministry of Finance on Sunday issued a detailed clarification on Pakistan’s external debt position and associated interest payments, countering what it described as misleading claims in a recent press commentary.
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