Pakistan Likely to Set Rs15.5 Trillion Tax Target in Upcoming Budget 2026-27

Islamabad: The government is expected to set a tax revenue target of over Rs15.5 trillion in the upcoming federal budget for the fiscal year 2026-27, according to official sources.
The sources in the Ministry of Finance said that the GDP growth target is likely to be set at 5.1 percent for the next fiscal year. However, international financial institutions, including the International Monetary Fund (IMF), the World Bank, and the Asian Development Bank (ADB), have projected growth below the official target.
Officials said that preparations for the federal budget are currently underway, with consultations ongoing on proposals received from various stakeholders. Feasible suggestions are being reviewed for inclusion in the final budget.
The upcoming budget is being prepared in line with benchmarks and conditions agreed under the IMF programme. An IMF review mission is expected to visit Pakistan next month, where detailed consultations on budget proposals will take place before final approval.
Sources further indicated that the federal budget for the next fiscal year is likely to be presented in Parliament during the first week of June.
For the current fiscal year, the tax collection target was set at Rs14.131 trillion, while the Federal Board of Revenue (FBR) reportedly faced a shortfall of Rs610 billion in the first nine months.
Officials also noted that efforts are underway to increase tax filings, with a target of adding 1 million new income tax returns by June and an additional 750,000 returns by March next year.