Finance Minister hails FBR for hitting revised FY26 target

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb lauded the Federal Board of Revenue (FBR) for achieving its revised revenue collection target for fiscal year 2025-26 while addressing FBR officials at the FBR Headquarters on Wednesday. The meeting was attended by FBR Chairman Rashid Mahmood Langrial, Members of the FBR Board, senior officers, and Chief Commissioners and Chief Collectors who joined virtually from across the country. During his address, the finance minister described the separation of tax policy and tax collection functions through the establishment of the Tax Policy Unit as a major milestone in the government's reform agenda. He said Pakistan was currently passing through the most critical phase of implementing reforms aimed at strengthening the country's tax system. Muhammad Aurangzeb congratulated the FBR on meeting its revised FY2025-26 revenue collection target and praised the efforts of the entire organization for its dedication and hard work throughout the fiscal year. He 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.