Pakistan Fbr Seeks Rs100 Billion Tax Target Reduction From Imf

In a significant development, the Federal Board of Revenue (FBR) of Pakistan is seeking a reduction of Rs100 billion in its tax collection target from the International Monetary Fund (IMF) as the country prepares for crucial review talks scheduled from February 25 to March 11, 2026. This request comes amid a reported tax shortfall of PKR 330 billion ($1.2 billion) in the first half of the fiscal year, with the FBR collecting Rs7.147 trillion against a target of Rs7.521 trillion, resulting in a shortfall of Rs372 billion. 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. If the IMF agrees to the proposed reduction, the annual tax target could be adjusted from Rs13.979 trillion to Rs13.879 trillion, as reported by Daily The Patriot and ARY News.