ISLAMABAD: The Federal Board of Revenue (FBR) is preparing to approach the IMF (International Monetary Fund) with a request to reduce the current fiscal year 2025–26 tax collection target by up to Rs100 billion with the minimum proposed reduction likely to be around Rs50 billion. The FBR has already revised the annual tax target from Rs14.131 trillion approved by the parliament to Rs13.979 trillion under its agreement with the IMF although parliament has yet to formally approve this revised figure. During July to January FBR collected Rs7.147 trillion against a target of Rs7.521 trillion resulting in a shortfall of Rs372 billion. Super tax collections are expected to reach between Rs217 billion and Rs220 billion this fiscal year, with nearly Rs175 billion already collected. Earlier, the FBR had projected up to Rs300 billion in additional revenue following a favourable court ruling on the super tax but it continues to face difficulties in achieving monthly targets.

Source: The Patriot February 24, 2026 12:16 UTC