KARACHI: The Sindh Revenue Board (SRB) has achieved a remarkable 41 per cent revenue growth in February 2026, bolstered by an unprecedented recovery of Rs 9.5 billion in arrears. The performance was reviewed by Sindh Chief Minister Syed Murad Ali Shah, who outlined a future roadmap for the authority to strengthen the province’s fiscal stability.
During a high-level meeting at CM House Thursday, the Chief Minister directed the SRB to intensify efforts to broaden the tax base, take decisive action against tax evasion, and accelerate digital reforms. He emphasised that these measures are crucial to consolidating recent revenue gains and enhancing institutional transparency.
The SRB’s total collection for February 2026 stood at Rs 34.86 billion, a significant increase from the Rs 24.664 billion gathered in the corresponding month of 2025. Cumulative revenue for the current fiscal year, from July to February, reached Rs 225.653 billion, marking a 24 per cent rise over the Rs 182.605 billion collected during the same period last year.
SRB Chairman Wasif Memon informed the meeting that the authority recorded historic collections of Rs 306.6 billion in the 2024-25 fiscal year, with Sindh Sales Tax on Services (SST) contributing Rs 284.4 billion. This represented a 29.5 per cent increase from the previous year’s Rs 237 billion. Furthermore, June 2025 saw the highest-ever monthly collection of over Rs 40.5 billion in SRB”s 15-year history.
The briefing identified ports, airport and terminal operators as the largest revenue contributors, generating Rs 40.2 billion. Other key sectors included telecommunication with Rs 24.2 billion, the banking sector with Rs 20.34 billion, franchise services with Rs 17.53 billion, and insurance with Rs 14.56 billion. The top ten sectors collectively contributed Rs 155.6 billion to the provincial exchequer.
Exceptional growth was noted in several emerging sectors. The Funds and Asset Management sector recorded an astounding 162 per cent growth, generating Rs 5.76 billion and entering the list of top contributors for the first time. Other high-growth areas included goods transportation (50 per cent), software and IT consultancy (49 per cent), and technical and engineering consultancy (44 per cent).
Regional offices also demonstrated strong results, with the Hyderabad Commissionerate collecting Rs 20.9 billion (38 per cent growth) and the Sukkur and Larkana Commissionerates jointly gathering Rs 11 billion (41 per cent growth). The Chairman attributed this success to improved monitoring, taxpayer facilitation, and enhanced digital utilisation.
Digitalisation measures have significantly improved compliance, with Rs 48.42 billion collected through withholding agents in FY 2024-25. The automation of tax deductions through government accounting systems has enhanced transparency. Collections for the Sindh Workers Welfare Fund also grew by 55 per cent to Rs 22.25 billion in the same period.
The Chief Minister was also briefed on major institutional reforms, including the establishment of a dedicated Intelligence, Investigation and Prosecution Wing to combat tax fraud, making SRB the first provincial authority in Pakistan with such a unit.
Appreciating the SRB’s performance, Syed Murad Ali Shah stated, “The growth in provincial revenue reflects improved governance, transparency and institutional reforms. Crossing the Rs 300 billion mark is a significant achievement and shows the potential of the services sector in strengthening provincial finances.”