The federal government is preparing to introduce approximately Rs215 billion in fresh taxes as part of the upcoming 2026–27 budget, according to official sources involved in the budget-making process.
A high-level committee headed by Deputy Prime Minister Ishaq Dar has been formed to review and finalize tax proposals. The body includes key ministers such as Finance Minister Muhammad Aurangzeb, Planning Minister Ahsan Iqbal, and senior officials from the Federal Board of Revenue (FBR). The committee has been tasked with designing broader fiscal measures worth around Rs430 billion, half of which will come through new taxation while the rest will be generated through enforcement actions.
Officials say the new tax measures are being developed in line with commitments made under the International Monetary Fund (IMF) program. Pakistan is aiming to meet strict revenue targets for the next fiscal year while maintaining fiscal discipline and addressing budget deficits.
READ MORE: Zong Launches 5G Customer Facilitation Desk at Lahore Airport
The proposed taxation package is expected to support a larger revenue target of over Rs15 trillion for FY2026–27. Authorities are also considering a mix of reforms, including reducing tax exemptions, widening the tax base, and improving enforcement through digital monitoring systems to curb tax evasion.
Sources indicate that the IMF has pushed Pakistan to increase revenue collection significantly while limiting fiscal imbalances. As part of these discussions, the government is also reviewing proposals related to trade, property, and indirect taxes.
Officials maintain that the tax strategy will focus not only on raising revenue but also on improving compliance and strengthening Pakistan’s long-term economic stability. The final budget proposals are expected to be presented after further consultations with the IMF and relevant ministries.
