The International Monetary Fund (IMF) has set a federal revenue target of Rs17.145 trillion for Pakistan’s upcoming fiscal year 2026-27, with the government also agreeing to a number of tax and policy reforms.
According to the IMF staff report, Pakistan will have to meet tough fiscal targets, including new budget measures worth Rs 430 billion and an 18 per cent increase in petroleum levy.
The report said that Pakistan implemented three major measures to meet the programme onditions, including reduced grants to provinces, super tax collections and full pass-on in fuel prices.
The Federal Board of Revenue (FBR) has set a target of Rs 15.264 trillion, which is 13.7 per cent higher than the current year.
According to experts, these targets are a major step towards digital reforms in Pakistan’s tax system, strict enforcement and economic stability, but their impact may also affect ordinary consumers.