Overview
- FBR collected Rs3.84 trillion in July–October against a Rs4.109 trillion goal, with October at roughly Rs950–955 billion versus a Rs1.026 trillion target and refunds of about Rs205 billion weighing on net receipts.
- Authorities told the IMF they will trigger up to Rs200 billion in additional taxes from January 1, 2026 if first‑half revenue underperforms or expenditures exceed agreed limits under the $7 billion EFF.
- Draft steps include raising non‑filer withholding on cash withdrawals to 1.5%, increasing levies on landline and mobile calls, lifting GST on solar panels to 18%, and imposing a 16% FED on confectionery and biscuits.
- Coverage of the review says the government rejected an IMF proposal to raise general GST to 19% and that the Fund dismissed Pakistan’s suggested flood levy.
- Compliance gains continue, with 5.9 million returns filed by October 31 (up 17.6%), 3.6 million paying filers, nearly Rs69 billion paid by individuals, and the prime minister seeking models to reduce high tax rates.