FM Aurangzeb hails FBR's revenue performance in FY2025-26

July 03, 2026 (MLN): Federal Board of Revenue (FBR) has achieved the revised annual revenue collection target for FY2025-26, a landmark accomplishment that Finance Minister Senator Muhammad Aurangzeb attributed to teamwork, sustained reforms, and the commitment of the FBR leadership and field formations.

The Finance Minister made these remarks while addressing a meeting at FBR Headquarters, attended virtually by Chairman FBR Rashid Mahmood Langrial, members of the FBR Board, senior officers, and Chief Commissioners and Chief Collectors joining from across the country.

He conveyed the Prime Minister's congratulations to the entire FBR team for its dedication throughout the fiscal year, according to a press release issued.

The achievement, the Finance Minister said, should be viewed in the context of Pakistan's broader reform journey over the past two and a half years, during which revenue collection had nearly doubled.

He termed this one of the most significant improvements in Pakistan's fiscal history, noting it had played a pivotal role in strengthening macroeconomic fundamentals.

Alongside improved external sector indicators, Pakistan had recorded its lowest fiscal deficit and highest-ever primary surplus, he added, crediting strong revenue performance and prudent fiscal management.

Senator Aurangzeb particularly appreciated the efforts of the Inland Revenue and Customs formations, noting that FBR had delivered strong revenue growth despite providing substantial tariff relief to facilitate economic activity.

He also lauded the Board for processing and disbursing Rs599 billion in tax refunds during the year, including an unprecedented Rs13.5 billion released on the last day of the fiscal year, calling it a significant milestone reflecting the government's commitment to facilitating businesses and exporters.

The Finance Minister congratulated the Finance Division and FBR on their successful coordination during the preparation of the Federal Budget 2025-26, describing the integration of tax policy and tax administration as an excellent example of teamwork that had resulted in one of the most progressive budgets in Pakistan's history.

He emphasized that modern tax administration must focus not only on revenue collection but equally on taxpayer facilitation, transparency, and public trust, stressing the need for technology-driven compliance solutions, greater automation, improved taxpayer services, and reduced discretion and corruption.

The government's newly approved operating model for FBR would accelerate institutional transformation through reforms centred on people, processes, and technology, including expanded use of artificial intelligence and digital systems, the Finance Minister said.

He expressed gratitude to Parliament for supporting the legislative framework required to implement these reforms and reaffirmed the government's commitment to transforming FBR into one of Pakistan's leading public institutions, while acknowledging the Prime Minister's personal leadership and oversight of the tax reform agenda.

Chairman FBR Rashid Mahmood Langrial thanked the Finance Minister for visiting FBR Headquarters on the first day of the new fiscal year and for his continued support of the institution.

He appreciated the close coordination between the Finance Division and FBR throughout the budget process, particularly during consultations with the IMF, provincial governments, coalition partners, parliamentary committees, and other stakeholders.

The Chairman highlighted the professionalism displayed by officers from both the Finance Division and FBR, stating that their technical competence and collaborative approach had enabled the government to navigate complex fiscal and tax policy challenges successfully.

The reform process, he noted, had demonstrated the strength and capability of Pakistan's civil service when working collectively towards national objectives.

Chairman Langrial also emphasized the importance of institutional reforms within FBR, particularly efforts aimed at promoting merit, professionalism, and integrity across the organization, noting that recent appointments of high-integrity officers to key field positions had demonstrated that effective revenue administration could be achieved while maintaining high standards of transparency.

He further briefed the meeting on ongoing modernization initiatives within FBR, including major technology upgrades, enhanced customs systems, AI-based solutions, and extensive capacity-building programmes, expressing confidence that these initiatives would improve taxpayer services, strengthen compliance, and modernize Pakistan's tax administration.

The meeting concluded with the Finance Minister once again congratulating the FBR team for its performance and expressing confidence that continued teamwork and effective implementation of reforms would help the institution contribute significantly to Pakistan's economic stability and sustainable growth.

He invited participants to give a standing round of applause in recognition of Chairman FBR Rashid Mahmood Langrial and the collective efforts of the FBR team.

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