Pakistan IMF budget talks have reached a key stage before the federal budget announcement. Government officials and the International Monetary Fund agreed on major fiscal targets for FY2026-27.
Sources said the upcoming federal budget may remain close to Rs18 trillion. Most discussions have been completed between both sides. However, virtual meetings continue on proposals for salaried taxpayers.
Pakistan IMF budget talks also focused on revenue collection goals. The IMF reportedly agreed to lower the current fiscal year's tax target for a second time.
The revised Federal Board of Revenue target has been reduced. It moved from Rs13.979 trillion to Rs13.005 trillion. Officials expect a higher target for the next financial year.
The government plans to set a tax collection target of around Rs15.264 trillion. This figure remains central to Pakistan IMF budget talks for FY2026-27.
According to proposed estimates, direct taxes may generate Rs7.413 trillion. Sales tax collections could reach Rs4.727 trillion.
Customs duties are expected to contribute Rs1.651 trillion. Federal Excise Duty collections may add Rs1.043 trillion.
The Petroleum Development Levy will remain a major revenue source. Officials may increase the levy collection target significantly next year.
Current projections place the new levy target at Rs1.727 trillion. The existing fiscal year's target stands at Rs1.468 trillion.
Non-tax revenue could reach Rs2.768 trillion during FY2026-27. Gas surcharge collections may contribute nearly Rs151 billion.
Pakistan IMF budget talks also reviewed federal expenditure plans. Debt servicing remains the government's largest financial obligation.
Interest and debt payments are estimated at Rs7.824 trillion. Domestic debt repayments account for Rs6.652 trillion.
Foreign debt obligations may reach Rs1.107 trillion. These payments will consume a large share of federal resources.
Officials are also considering fresh taxation measures. New taxes worth around Rs220 billion may support agreed fiscal targets.
Income tax revisions for salaried individuals remain under review. Policymakers are examining options for limited taxpayer relief.
The proposed changes aim to support formal sector employees. Discussions continue between the IMF and revenue authorities.
The federal budget is expected in the coming days. It will provide detailed information on taxation, spending plans, and economic policy.
Pakistan IMF budget talks remain important for shaping fiscal strategy. The final budget will clarify revenue priorities for FY2026-27.
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