The International Monetary Fund is expected to send a mission to Pakistan next month to help finalise the federal budget for 2026–27.Sources indicate that the IMF has suggested a tax collection target of Rs15.564 trillion for the Federal Board of Revenue in the upcoming fiscal year. However, Pakistani authorities are considering setting a slightly lower target of around Rs15.232 trillion, as the current year’s goal of Rs13.979 trillion is unlikely to be fully met.
Amid ongoing geopolitical challenges, the government has stepped up consultations to shape the budget framework. Finance Minister Muhammad Aurangzeb has already held initial discussions with major business bodies, including the Pakistan Business Council and the Overseas Investors Chamber of Commerce and Industry.Officials have also engaged with the All Pakistan Textile Mills Association to address concerns over rising logistics and freight costs linked to regional tensions.
,Meanwhile, the FBR is advocating for relief measures for salaried individuals, including possible reductions in super tax rates. The government is also considering requesting the IMF to remove certain withholding taxes, particularly those associated with large pending refund claims.The IMF mission, expected in May 2026, will be key in finalising major fiscal decisions for the upcoming budget.
