FBR Tax Shortfall Widens to Rs450 Billion as IMF Signals Limited Scope for Base Expansion
Pakistan’s FBR records Rs450 billion tax shortfall in July-February FY2025-26 despite revised targets, while IMF signals limited room for immediate tax base expansion amid fiscal pressures.
Pakistan’s Banking Sector Carries 54% Effective Tax Burden as Fiscal Pressures Mount
Pakistan’s banking industry paid over PKR 1.127 trillion in FY25 taxes as effective rates climbed above 54%, highlighting growing fiscal dependence on formal financial institutions amid IMF-driven revenue reforms and low financial inclusion.