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LAHORE: Punjab will establish a unified revenue authority on the model of the Federal Board of Revenue (FBR) during the next fiscal year, bringing all provincial taxes under a single institutional framework, Finance Minister Mian Mujtaba Shujaur Rehman told a post-budget press conference here on Wednesday.
The province successfully achieved 99 per cent of its tax collection target during the outgoing fiscal year, while the revenue target for FY 2026-27 has been increased by 46pc, he added.
Expressing confidence in the government’s revenue reforms, he said the enhanced target would also be achieved successfully.
Accompanied by Senior Minister Marriyum Aurangzeb, Information Minister Azma Bukhari and others, Rehman announced that Punjab’s own-source revenues are expected to witness an increase of 30 to 40pc.
