Islamabad: Senator Muhammad Aurangzeb, Pakistan’s Federal Minister for Finance and Revenue, commended the Federal Board of Revenue (FBR) for achieving the revised annual revenue target for the fiscal year 2025-26. The minister described the accomplishment as a landmark in the country’s fiscal history, attributing the success to effective teamwork, comprehensive reforms, and the dedication of the FBR leadership and field formations.
According to Press Information Department, Senator Aurangzeb addressed a meeting at FBR Headquarters, with Chairman FBR Rashid Mahmood Langrial and senior officials participating virtually. The Finance Minister conveyed the Prime Minister’s congratulations to the FBR team for their hard work and dedication. He noted that Pakistan’s revenue collection had nearly doubled over the past two and a half years, significantly improving the country’s macroeconomic fundamentals. The strong revenue performance, coupled with prudent fiscal management, contributed to the lowest fiscal deficit and highest-ever primary surplus in Pakistan’s history.
The Finance Minister acknowledged the efforts of the Inland Revenue and Customs formations, highlighting that the FBR achieved strong revenue growth despite offering substantial tariff relief. The FBR processed and disbursed Rs. 599 billion in tax refunds during the year, with Rs. 13.5 billion released on the last day of the fiscal year, demonstrating the government’s commitment to supporting businesses and exporters.
Senator Aurangzeb praised the successful coordination between the Finance Division and FBR during the Federal Budget 2025-26 preparation, emphasizing the seamless integration of tax policy and administration. He underscored the government’s forward-looking reform agenda, focusing on taxpayer facilitation, transparency, and public trust through technology-driven solutions and automation.
The Finance Minister highlighted the newly approved operating model for FBR, which aims to accelerate institutional transformation through reforms centered on people, processes, and technology. He expressed gratitude to Parliament for supporting the legislative framework necessary for these reforms and reiterated the government’s commitment to transforming FBR into a leading public institution.
Chairman FBR Rashid Mahmood Langrial thanked the Finance Minister for his support and emphasized the close coordination between the Finance Division and FBR throughout the budget process. He highlighted the professionalism and technical competence of the officers involved, which enabled successful navigation of fiscal and tax policy challenges. Chairman Langrial also discussed ongoing modernization initiatives within FBR, including technology upgrades and capacity-building programs, aimed at enhancing taxpayer services and compliance.
The meeting concluded with the Finance Minister congratulating the FBR team and expressing confidence in the continued contribution of the institution to Pakistan’s economic stability and growth. Participants were invited to applaud the efforts of Chairman FBR Rashid Mahmood Langrial and the entire FBR team.