Lahore: The Punjab Revenue Authority (PRA) recorded PKR 66.41 billion in tax revenue during the first quarter (Q1) of the fiscal year 2025–26, reflecting a 28% increase from PKR 51.98 billion collected in the same period last year.
According to a PRA spokesperson, the rise in revenue was achieved without introducing any new taxes or increasing existing rates. The authority also collected PKR 1.7 billion under the Punjab Infrastructure Development Cess during the quarter.
Officials attributed the growth to a comprehensive crackdown on unregistered service providers and ongoing reforms aimed at expanding the provincial tax base. Enforcement teams have been mobilised to identify unregistered businesses, conduct field surveys, and issue immediate notices to ensure compliance.
As part of the new tax reforms, the PRA has introduced a simplified online registration system to facilitate the business community. Service providers are now required to link their businesses with the E-IMS system and submit monthly sales tax returns through the digital platform.
The spokesperson added that businesses failing to register by the end of the month will face penalties and legal action, as the authority seeks to improve transparency and documentation in the provincial economy.
The ongoing registration campaign, the PRA said, is expected to further enhance revenue collection, broaden the tax net, and promote formalisation of Punjab’s service sector in the months ahead.
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.
