FBR Seeks Rs100 Billion Reduction In Tax Collection Target From IMF

The Federal Board of Revenue (FBR) is preparing to approach the IMF (International Monetary Fund) with a request to reduce the current fiscal year 2025–26 tax collection target by up to Rs100 billion with the minimum proposed reduction likely to be around Rs50 billion. According to official sources working papers for the upcoming economic review are being finalized and the proposal has been discussed at the highest government level. The review will focus on tax performance from July to January in light of inflation and economic growth trends. Prime Minister Shehbaz Sharif has directed the FBR not to impose any new taxes until June 30 and to meet the target without introducing a mini budget.