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On November 4, 2025, Business Recorder reported that Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial had ruled out emergency or contingency measures to introduce new taxes, despite a reported Rs275 billion collection shortfall in July–October 2025—the first four months of fiscal year 2025–26. The figure was an interim gap, not a final full-year result.
What did the FBR chairman say?
Business Recorder attributed the position to FBR Chairman Rashid Mahmood Langrial in its November 4, 2025 report, “New taxation measures: No contingency plan despite Rs275bn shortfall: FBR chief.” The report said Langrial recalled that he had said the previous year that contingency measures would not be taken, and that the same approach would apply in the current fiscal year. Because the report gives this as reported speech, it is best understood as an attributed statement rather than a verified verbatim quotation.
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What does the Rs275bn shortfall cover?
The Rs275 billion figure reported by Business Recorder refers to FBR collections from July through October 2025, the opening four months of FY2025–26. It describes a gap against the collection target for that period. It should not be read as the final shortfall for the entire fiscal year, or as a statement that the government would not pursue any revenue measures later.
Target comparisons also depend on which target is being used and on the collection measure being discussed. A four-month reported gap cannot by itself establish the full-year outcome, and it should not be conflated with figures for a different fiscal year or with measures defined on a different basis, such as gross collection versus net collection after refunds.
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Why did a later report discuss a revised annual target?
In a separate account published June 1, 2026, Radio Pakistan reported Finance Ministry adviser Khurram Schehzad’s explanation that claims of an annual shortfall were comparing collections with the original FY2025–26 target of Rs14,130 billion, even though the target had been revised to about Rs13,000 billion. He said the revision reflected economic conditions, including inflation, imports, and global conditions. The later explanation provides context for annual comparisons; it does not change what Langrial was reported to have said in November 2025.
Radio Pakistan also reported Schehzad’s claims that FBR met 97% of the monthly target and 99.8% over the preceding 11 months. Those are his stated performance comparisons, not independent calculations presented here. The report is available at “FBR’s tax collection meeting revised targets: Khurram.”
How does the FY2024–25 figure differ?
The Finance Division’s Fiscal Policy Statement 2026 reports figures for the preceding fiscal year, FY2024–25: Rs12,970 billion was budgeted and Rs11,744.3 billion was collected. The statement attributes the gap mainly to delays in settling tax-related court cases, lower-than-expected inflation, and slower imports. These full-year figures concern FY2024–25; they are not the Rs275 billion four-month gap reported for July–October FY2025–26.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Does the statement rule out all future tax changes?
No. The November 2025 report described Langrial’s position on emergency or contingency tax measures for that fiscal year. It does not establish that the government would make no tax changes through later budgets, revised targets, compliance efforts, or other policy decisions. A later National Assembly Standing Committee on Finance and Revenue meeting, recorded on June 15, 2026, discussed FY2026–27 tax proposals and revenue implications, including broadening the tax base; that later deliberation is separate from Langrial’s November 2025 statement. The committee record is at “Standing Committee on Finance and Revenue meets.”
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