Politics
The government has assured the International Monetary Fund (IMF) that it will achieve the tax collection target set for the first quarter.
The government has assured the International Monetary Fund (IMF) that it will achieve the tax collection target set for the first quarter. During talks between Pakistan and the IMF on the fourth economic review, the government assured the IMF that the Federal Board of Revenue (FBR) would achieve the tax collection target of Rs3.053 trillion set for the first quarter. FBR officials assured the IMF that not only would the September revenue collection target of Rs1.33 trillion be achieved, but the overall tax collection target for the first quarter from July to September 2026 would also be met.
It is worth noting that approximately 4.7 million income tax returns have been received so far for Tax Year 2026, compared with 3.2 million income tax returns filed during the same period last year. Federal government officials in grades 17 to 22 will be required to electronically submit their statements of assets by October 30, 2026. Under the new legal framework, limited information regarding the assets of federal government officials will be made public by December 31, 2026.
