ISLAMABAD: Prime Minister Shehbaz Sharif would soon meet the Federal Board of Revenue (FBR) team headed by FBR Chairman Rashid Mahmood Langrial to congratulate FBR for meeting the revised revenue collection target for 2025-26.
The good news was shared by Federal Minister for Finance and Revenue Muhammad Aurangzeb while addressing a meeting at FBR Headquarters on Wednesday.
The meeting was attended virtually by Chairman FBR Rashid Mahmood Langrial, Members of the FBR Board, senior officers, and Chief Commissioners and Chief Collectors joining virtually from across the country.
According to sources, Finance Minister was happy over smooth separation of functions of tax policy and tax collection functions of the FBR through creation of the Tax Policy Unit. “We are at the most critical phase of reforms implementation,” he remarked.
He also highly appreciated the FBR for meeting its revised FY2025-26 revenue collection target. The finance minister conveyed the congratulations of the Prime Minister to the entire FBR team for its dedication and hard work throughout the fiscal year.
The finance minister said the achievement should be viewed in the context of Pakistan’s broader reform journey over the past two and a half years, during which the country’s revenue collection had nearly doubled.
He observed that this remarkable progress represented one of the most significant improvements in Pakistan’s fiscal history and had played a pivotal role in strengthening the country’s macroeconomic fundamentals.
He noted that alongside improved external sector indicators, Pakistan had recorded its lowest fiscal deficit and highest-ever primary surplus, achievements made possible through strong revenue performance coupled with prudent fiscal management.
Senator Aurangzeb particularly appreciated the efforts of the Inland Revenue and Customs formations, noting that the FBR had delivered strong revenue growth despite providing substantial tariff relief to facilitate economic activity.
Copyright Business Recorder, 2026
Comments