Published on, Sept. 26 -- September 26, 2025 3:20 PM

The International Monetary Fund (IMF) has expressed concerns over Pakistan's tax revenue shortfall as technical-level talks commenced in Islamabad. The Federal Board of Revenue (FBR) reported a collection of Rs. 11.74 trillion against the target of Rs. 12.97 trillion for the fiscal year 2024-25, citing unresolved tax cases and the impact of recent floods. The IMF emphasized the urgency of resolving over Rs. 170 billion worth of pending tax cases to meet fiscal targets and secure the release of a $1 billion loan tranche.

A significant portion of the revenue gap is attributed to unrealized recoveries from pending court cases, totaling approximately Rs. 250 billion. The IMF has urged the...