Finance minister commends FBR for historic revenue achievement

ISLAMABAD, (APP - UrduPoint / Pakistan Point News - 1st Jul, 2026) Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, here on Wednesday commended the Federal board of Revenue (FBR) for meeting its revised FY2025–26 revenue collection target, calling it a landmark achievement driven by reforms, teamwork, and the dedication of the FBR workforce.

Addressing a meeting at FBR Headquarters, the Finance Minister conveyed the congratulations of the Prime Minister to the entire FBR team for its dedication and hard work throughout the fiscal year.

The meeting was attended virtually by Chairman FBR Rashid Mahmood Langrial, Members of the FBR Board, senior officers, and Chief Commissioners and Chief Collectors joining virtually from across the country.

The Finance Minister said the achievement should be viewed in the context of Pakistan's broader reform journey over the past two and a half years, during which the country's revenue collection had nearly doubled.

He observed that this remarkable progress represented one of the most significant improvements in Pakistan's fiscal history and had played a pivotal role in strengthening the country's macroeconomic fundamentals.

He noted that alongside improved external sector indicators, Pakistan had recorded its lowest fiscal deficit and highest-ever Primary surplus, achievements made possible through strong revenue performance coupled with prudent fiscal management.

Senator Aurangzeb particularly appreciated the efforts of the Inland Revenue and Customs formations, noting that the FBR had delivered strong revenue growth despite providing substantial tariff relief to facilitate economic activity.

He also lauded the Board for processing and disbursing Rs. 599 billion in tax refunds during the year, including an unprecedented Rs. 13.5 billion released on the last day of the fiscal year, describing it as a significant milestone reflecting the government's commitment to facilitating businesses and exporters.

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Highlighting the government's forward-looking reform agenda, Senator Muhammad Aurangzeb emphasized that modern tax administration must focus not only on revenue collection but equally on taxpayer facilitation, transparency, and public trust.

He stressed the need to make tax compliance easier through technology-driven solutions, greater automation, improved taxpayer services, and reduced opportunities for discretion and corruption.

The Finance Minister said the government's newly approved operating model for FBR would accelerate institutional transformation through reforms centred on people, processes, and technology, including the expanded use of artificial intelligence and digital systems.

He expressed gratitude to Parliament for supporting the legislative framework required to implement these reforms and reaffirmed that the government remained fully committed to transforming FBR into one of Pakistan's leading public institutions. He also acknowledged the personal leadership, guidance, and continuous oversight of the Prime Minister in driving the country's tax reform agenda.

Addressing the meeting, Chairman FBR Rashid Mahmood Langrial thanked the Finance Minister for visiting FBR Headquarters on the first day of the new fiscal year and for his continued support of the institution.

He appreciated the close coordination between the Finance Division and FBR throughout the budget process, particularly during consultations with the IMF, provincial governments, coalition partners, parliamentary committees, and other stakeholders.

He also underscored the importance of institutional reforms within FBR, particularly efforts aimed at promoting merit, professionalism, and integrity across the organization.