Islamabad: The International Monetary Fund (IMF) is expected to send a mission to Pakistan next month to finalise the federal budget for fiscal year 2026-27, with a proposed tax collection target of PKR 15.564 trillion under discussion, according to The News.
The government has begun consultations to shape the upcoming budget, taking into account recent geopolitical developments. Finance Minister Muhammad Aurangzeb has met with the Pakistan Business Council and the Overseas Investors Chamber of Commerce and Industry, while discussions were also held with the All Pakistan Textile Mills Association to address concerns over rising logistics and freight costs.
Officials indicated that domestic policymakers are considering setting a slightly lower Federal Board of Revenue (FBR) target in the range of PKR15.232 trillion, given challenges in meeting the current fiscal year’s target of PKR 13,979 billion.
The FBR is also proposing adjustments in tax policy, including a reduction in super tax rates and relief for salaried individuals in the next budget. Additionally, the government plans to request the IMF to allow the withdrawal of certain withholding taxes, particularly where refund claims have accumulated significantly.
The IMF mission is expected to review these proposals and provide guidance before the budget is formally presented.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
