Government Optimistic About Achieving Full-Year Revenue Target

Following the successful achievement of its revenue objective for July, the government is confident that the Federal Board of Revenue (FBR) is positioned to meet its revenue target for the entire fiscal year.

This assessment was shared during a weekly review session in Islamabad focusing on FBR-related issues, according to a statement released by the Prime Minister’s Office (PMO) on Tuesday.

The FBR provisionally gathered revenues exceeding Rs754 billion in July 2025, surpassing the set monthly goal of Rs748 billion. This signifies an achievement rate of 100.9% of the intended target.

Prime Minister Shehbaz Sharif, who presided over the meeting, expressed his satisfaction with the improved tax-to-GDP ratio, attributing this progress to the implemented reforms within the FBR.

“The federal government, along with my personal commitment, will provide complete support and protection to the reform initiatives undertaken by the authorities,” he affirmed.

He instructed officials to maintain consistent reform implementation by removing unnecessary bureaucratic procedures and institutional obstacles.

PM Shehbaz emphasized that to sustain the positive momentum in tax collection throughout the current fiscal year, collaborative efforts between the federation and provinces, guided by an integrated strategy, are essential.

“The effective and efficient application of existing taxes in the current fiscal year will be vital in further boosting tax collection,” he stated.

PM Shehbaz directed FBR officials to devise a strategy, in consultation with relevant federal agencies and provincial governments, to enhance the tax-to-GDP ratio.

He suggested that the FBR and customs clearance departments should improve their capabilities, working with the Ministry of Information and Broadcasting, to increase public understanding of the reformed system.

During the meeting, it was revealed that, under the special guidance of the prime minister, the income tax return form has been made available online in Urdu. Attendees were informed that approximately 84% of filers would benefit from this simplified, Urdu-based online form.

It was also noted that the establishment of digital enforcement stations for customs clearance is actively being pursued across the nation.

The meeting also highlighted that the complete implementation of the Centralized Assessment Unit (CAU) along with the faceless customs system will contribute to making the customs clearance process more effective and transparent.