Tax authority meets revised revenue target with net collection of Rs13 trillion after paying Rs597 billion in refunds
ISLAMABAD: The Federal Board of Revenue (FBR) has achieved the historic Rs13 trillion mark in annual tax collection for the first time during the fiscal year 2025-26.
According to official figures, the FBR collected Rs13.60 trillion in gross revenue during the fiscal year ended June 30, 2026. After issuing Rs597 billion in tax refunds, the net tax collection stood at Rs13 trillion.
Officials said the tax authority successfully achieved its revised annual net collection target of Rs12.98 trillion, ensuring the government’s revised revenue objective for FY2025-26 was fully met.
The latest collection represents an increase of more than 10% compared with the Rs11.74 trillion net revenue collected in the previous fiscal year.
The milestone marks the highest annual tax collection in Pakistan’s history and reflects continued growth in tax revenues despite economic challenges faced during the year.
However, the achievement came after a downward revision of the annual revenue target. At the beginning of FY2025-26, the FBR had been assigned a tax collection target of more than Rs14 trillion. The target was subsequently reduced to Rs13.98 trillion and later revised further downward to Rs12.983 trillion.
This means the FBR remained short of its original annual revenue target by more than Rs1 trillion, although it successfully met the revised goal set by the government.
Tax officials attributed the improved revenue performance to stronger enforcement measures, enhanced compliance initiatives, digitisation reforms and sustained efforts to broaden the tax base throughout the fiscal year.
The record collection is expected to strengthen the government’s fiscal position as authorities seek to maintain revenue growth and implement further tax reforms during FY2026-27.
