Pakistan’s next budget is expected to come with a major revenue challenge, as the IMF has projected FBR’s tax collection target at Rs. 15.3 trillion for FY2026-27, compared with the revised estimate of Rs. 13.4 trillion for FY2025-26. This means the government will not only rely on new tax policy measures but will also focus heavily on enforcement, recovery, audit, monitoring, and documentation of existing taxpayers.
A major part of the expected revenue effort is linked with recovery of overdue tax arising from recent court rulings in favour of FBR, particularly in relation to super tax, where the authorities plan to collect around Rs. 322 billion. In addition, the government has assured the IMF of further revenue through stronger audits, better sales tax monitoring, and production monitoring measures.
For businesses, this is an important signal: the coming year is likely to bring more data-based audits, tighter scrutiny of sales tax liabilities, digital invoicing, production monitoring, and restriction of high-value transactions for non-filers. Documented taxpayers should review their tax positions, reconciliations, withholding records, sales tax returns, and litigation exposures before enforcement pressure increases.