Pakistan collected Rs1.567 trillion in petroleum levy during fiscal year 2025-26, surpassing the government’s budgeted target by Rs99 billion, according to data released by the Ministry of Finance.
The government had set a petroleum levy collection target of Rs1.468 trillion for the fiscal year.
According to the Finance Ministry, total tax and non-tax revenues reached Rs19.773 trillion, while the country’s primary balance recorded a surplus of Rs3.634 trillion, exceeding the target agreed under the International Monetary Fund (IMF) programme.
The higher primary surplus was attributed to a combination of lower government expenditure and stronger-than-expected petroleum levy collections.
Despite the primary surplus, Pakistan recorded an overall budget deficit of Rs4.763 trillion during FY2025-26.
The government raised Rs3.313 trillion through borrowing during the year, including Rs2.135 trillion from domestic sources, while net external financing amounted to Rs1.113 trillion.
Debt servicing continued to consume a substantial share of government expenditure, with interest payments reaching Rs6.947 trillion. Domestic debt accounted for Rs6.040 trillion of those payments, while Rs917 billion was spent servicing external debt.
Meanwhile, transfers to the provinces under the National Finance Commission (NFC) Award increased to Rs7.668 trillion, compared with Rs6.854 trillion in the previous fiscal year.
Punjab received the largest share at Rs3.370 trillion, followed by Sindh with Rs1.897 trillion, Khyber Pakhtunkhwa with Rs1.240 trillion and Balochistan with Rs736 billion.