PRA records highest tax collection

LAHORE: The Punjab Revenue Authority (PRA) has recorded the highest tax collection in its history, gathering more than Rs 367 billion during the fiscal year 2025-26, marking a growth of 36 percent over the previous year, officials said on Thursday. According to the spokesperson of the Punjab Revenue Authority, the authority collected Rs 270 billion in tax during fiscal year 2024-25, meaning the current year’s collection exceeded that figure by Rs 97 billion. The authority also collected more than Rs 48 billion in June alone, closing the fiscal year on an exemplary note. Chairman of the Punjab Revenue Authority, Muazzam Iqbal Sipra, said that this is the highest tax collection since the establishment of the authority, adding that the institution demonstrated highly impressive performance despite challenges such as regional conflict and reduced business hours. He said the set targets were achieved due to the unwavering commitment and full support of the Chief Minister of Punjab, along with the trust of taxpayers. He further informed that the Punjab government has set a target of Rs 528 billion for the authority for the upcoming fiscal year 2026-27. The Chairman said that efforts are being made to further expand the tax net across the province, promote a culture of tax compliance, and accelerate the process of digital reforms in order to successfully achieve future targets as well. Copyright Business Recorder, 2026

Read full story on Business Recorder