The Federal Board of Revenue (FBR) has surpassed its revised tax collection target for FY2025-26, collecting a record Rs13.001 trillion during the fiscal year and exceeding the adjusted annual target of Rs12.957 trillion.

According to official figures, the achievement follows two downward revisions to the annual revenue target. The original target was reduced in response to evolving macroeconomic conditions before being finalized at Rs12.957 trillion, which the tax authority successfully exceeded.

The FBR also met its revised June 2026 collection target of Rs1.757 trillion, helping push annual tax revenues above the Rs13 trillion milestone for the first time.

During the fiscal year, the FBR continued to facilitate businesses by issuing more than Rs40 billion in tax refunds, particularly to exporters, to improve liquidity and support export-oriented industries.

A breakdown of the annual collections shows that income tax remained the largest contributor at approximately Rs6.58 trillion, followed by sales tax of around Rs4.26 trillion. Customs duty generated nearly Rs1.33 trillion, while Federal Excise Duty (FED) contributed approximately Rs840 billion.

Officials stated that the revised revenue target was achieved through enhanced tax administration, enforcement measures, and improved compliance, while maintaining a focus on minimizing unnecessary hardship for taxpayers.

Although the FBR exceeded the final revised target, collections remained below an earlier revised target of Rs13.979 trillion, reflecting the impact of slower-than-expected economic activity and subsequent adjustments to the government's revenue projections.

The record tax collection marks a significant milestone for Pakistan's fiscal performance and is expected to support the government's efforts to strengthen public finances, improve fiscal stability, and meet broader macroeconomic reform objectives.