The Federal Board of Revenue (FBR) announced a tax collection of Rs 1,017.8 billion for the fiscal year 2024-25, indicating significant growth. This information was detailed in a report submitted by the Ministry of Finance to the Senate on July 24, 2025.
The income tax collection reached Rs 628.3 billion, while sales tax totalled Rs 389.5 billion, both exceeding targets. Additionally, the FBR registered 280,197 new filers, bringing the total number of return filers to 1,034,143.
The Federal Board of Revenue (FBR) surpassed its targets for the fiscal year 2024-25, achieving Rs 480 billion in income tax and Rs 400 billion in sales tax. In June 2025, income tax collection peaked at Rs 125.9 billion. From July to December 2024, there was a 25.9% increase overall, with direct taxes rising by 29.4% and sales tax increasing by 25.3%. These figures reflect effective fiscal strategies in place.
New Filers and Tax Base Expansion
The FBR added 280,197 new filers, raising the total number of return filers from 841,071 to 1,121,268. This 23% increase highlights efforts to expand the tax base, in line with IMF-supported reforms for revenue mobilisation.
The FBR disbursed Rs 363.7 billion in sales tax refunds in FY 2024-25, processed through the automated FASTER system for efficiency. Over five years, refunds totalled Rs1,472.1 billion, with annual figures:
| Fiscal Year | Refunds (Rs Billion) |
|---|---|
| 2020-21 | 196.7 |
| 2021-22 | 276.5 |
| 2022-23 | 274.8 |
| 2023-24 | 360.4 |
| 2024-25 | 363.7 |
Data source: FBR, Ministry of Finance.
The FBR’s success follows S&P’s upgrade of Pakistan’s credit rating, which reflects the country’s economic stability. Despite a Rs601 billion shortfall in July–February 2025, the FBR’s Rs12.97 trillion target for FY25 signals ambition. Provincial collections, like Sindh’s Rs133.14 billion, complement federal efforts.
The automated FASTER system and filer growth enhance transparency. The FBR’s performance supports Pakistan’s fiscal reforms, which are vital for partnerships with the IMF and World Bank.
