Pakistan says it met its tax collection plan
In Pakistan, the Federal Board of Revenue met its tax collection plan for July and August, the first two months of the current fiscal year. Finance Minister’s adviser Khurram Shehzad said this ahead of the International Monetary Fund mission’s arrival in Islamabad on September 23.
As Dawn reports, Shehzad said in an interview with the Pakistan & Counting YouTube channel that tax collection indicators are in line with the planned level for fiscal year 2027. According to him, the Federal Board of Revenue achieved exactly the result set for this period.
Talks with the IMF
Government revenues are expected to become one of the notable topics of discussion with the IMF delegation, which will arrive in Islamabad to assess Pakistan’s economic indicators.
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Provincial commitments
The minister’s adviser also said that a formal fiscal agreement between the federal government and the provinces, concluded under the IMF program, legally obliges the provinces to increase their own tax revenues. According to him, they must optimize tax collection and contribute to the consolidated fiscal system rather than rely on a guaranteed share of the federal divisible pool.
Shehzad cited as an example the agricultural income tax laws adopted last year by all four provincial assemblies. The source notes that this was a structural benchmark under Pakistan’s IMF program. He also expressed hope that the government would meet the tax revenue target under the recently announced retail taxation scheme.
