Islamabad, June 4, 2025 – The Federal Board of Revenue (FBR) continues to provide detailed data on tax operations to the International Monetary Fund (IMF) as part of ongoing commitments under the Extended Fund Facility (EFF).
This regular exchange of information is a critical component of Pakistan’s engagement with the IMF and is aimed at ensuring transparency and sustained progress in revenue collection.
The IMF closely monitors FBR’s performance to assess whether Pakistan is meeting the tax revenue targets agreed upon under the EFF. In line with this, the FBR submits comprehensive monthly and quarterly data to the IMF covering all major aspects of its operations.
The data shared includes total revenue collected by both the tax and customs administrations. It also covers collections by individual tax categories, including income tax, general sales tax (GST), customs duties, and social contributions.
The FBR provides the IMF with monthly updates on tax arrears, categorized by tax type, as well as information on outstanding tax credits. A breakdown of all tax refund claims—categorized by GST, income tax, and customs duties—is also submitted, with particular focus on automated GST refunds. This includes the number of refunds processed automatically, total refund value, and average processing time.
Import-related data is also shared regularly. The FBR reports the total value of recorded and duty-paid imports, along with the number of transactions involving taxable and non-duty-free imports.
The IMF additionally receives data from the FBR on tax audits, including the percentage of companies selected and revenue identified through audits. The number of new taxpayers is tracked monthly, including those who registered voluntarily and those notified by authorities. Details of the number of tax returns filed and the revenue collected from these new taxpayers are also included.
The FBR also shares updates on the digital “track and trace” system, particularly its implementation across key industries like cigarettes, cement, sugar, and fertilizer. Data includes the number of facilities and machines installed, as well as the revenue collected per facility.
By consistently providing this data, the FBR ensures compliance with IMF guidelines and demonstrates Pakistan’s commitment to reforming and strengthening its tax administration under the EFF framework.