ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday ruled out any revision to the tax collection target and reaffirmed the reform timeline would remain unchanged, highlighting his administration’s commitment to improving revenue performance and implementing structural changes across the tax system.
The government has set an ambitious tax collection target of Rs14,131 billion ($49.46 billion) for the fiscal year 2025-26 (FY26), reflecting a nine-percent increase over last year’s goal.
Despite aggressive fiscal measures in recent years, Pakistan has missed its revenue targets, including in the previous fiscal year (FY25), where a 1.5-percent gap emerged between projected and actual collections.
“No changes will be made to the approved timeline for tax collection and reform targets for the upcoming fiscal year,” the prime minister said during a review meeting on tax reforms at the Federal Board of Revenue (FBR), according to an official statement issued by his office.
“A strategy should be developed through consultation between the FBR, relevant federal institutions and the provinces to increase the tax-to-GDP ratio,” he continued.
