Pakistan makes history! Pakistan customs is elected to the World Customs Organization Policy Commission for the first time in nearly 70 years of membership! 🇵🇰(1/5)
The goods have been reassessed under the correct tariff. An FIR has been filed against the importer and clearing agent for misdeclaration and forgery. A second container by the same importer was also seized. Pakistan Customs remains committed to enforcing import laws. 2/2
Pakistan Customs — Collectorate of Customs Appraisement (West), Karachi foils bid to import Cigarette Tipping Paper misdeclared as "Poster Paper in Reels." A forged SGS certificate was submitted to bypass import restrictions. Lab analysis confirmed the misdeclaration. 1/2
𝗧𝗮𝘅 𝗧𝗮𝗿𝗴𝗲𝘁𝘀: 𝗙𝗮𝗰𝘁𝘀 𝗠𝗮𝘁𝘁𝗲𝗿 𝗠𝗼𝗿𝗲 𝗧𝗵𝗮𝗻 𝗛𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀
Some media reports are repeatedly citing an "Rs864 billion tax shortfall" based on the FBR target of Rs14,130 billion at the start of FY26. This is misleading.
Tax targets are set before the start of a financial year based on a range of macroeconomic assumptions, including GDP growth, inflation, expected imports, large-scale manufacturing growth, exchange rate, and policy rate. As economic conditions evolve, these assumptions are reviewed and fiscal projections are recalibrated accordingly.
Accordingly, the original revenue target was adjusted downward to around Rs13,000 billion in consultation with the IMF to reflect evolving economic realities, including volatility in inflation, a stronger exchange rate (below Rs280/$ versus the budget assumption at Rs296/$), changing growth dynamics, domestic challenges (floods), and international geopolitical developments (US-Iran conflict and resulting energy and commodity price shocks).
Such revisions are a routine part of fiscal management and ensure that revenue and expenditure projections remain aligned with prevailing economic conditions.
𝗧𝗵𝗲 𝗳𝗮𝗰𝘁𝘀 𝗮𝗿𝗲 𝘀𝘁𝗿𝗮𝗶𝗴𝗵𝘁𝗳𝗼𝗿𝘄𝗮𝗿𝗱:
- FBR collected Rs994 billion in May, achieving 97% of the monthly target.
- Tax collection during the first eleven months reached Rs11,257 billion.
- Against the 11-month target, FBR has achieved 99.8% (effectively 100%) of the target, reaching Rs11,257 billion.
These facts simply do not support claims of a revenue collapse, fiscal crisis, or any massive tax shortfall.
- Equally important, June 2026's revenue target is based on the revised fiscal framework - not the outdated figures still being quoted in parts of the media.
- FBR collected Rs1,502 billion in June 2025. The target for June 2026 is Rs1,727 billion, requiring 15% growth, which remains fully consistent with achieving the adjusted annual target.
𝗡𝗼 𝗕𝗮𝘀𝗶𝘀 𝗳𝗼𝗿 𝗘𝘅𝘁𝗿𝗮𝗼𝗿𝗱𝗶𝗻𝗮𝗿𝘆 𝗠𝗲𝗮𝘀𝘂𝗿𝗲𝘀
Businesses, investors, industries, and taxpayers should therefore remain assured that sensational claims of a massive revenue gap do not reflect the actual fiscal position. There is no basis for concerns about additional or extraordinary tax collection or enforcement measures on account of the purported "shortfall". Nor do such claims justify speculation about extraordinary revenue or enforcement measures during the final month of the fiscal year.
Once the adjusted fiscal framework is taken into account, the narrative of a massive revenue gap simply does not stand.
Public commentary on fiscal matters should be grounded in current official data and prevailing economic realities—not in the selective use of outdated benchmarks that create a misleading impression of fiscal stress.
Failure to account for evolving macroeconomic conditions, revised fiscal projections, and the broader economic context leads to conclusions that are inconsistent with the facts and prevailing realities.
𝗙𝗮𝗰𝘁𝘀 𝗺𝗮𝘁𝘁𝗲𝗿. 𝗖𝗼𝗻𝘁𝗲𝘅𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀. 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗹𝗲 𝗳𝗶𝘀𝗰𝗮𝗹 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝗮𝗿𝘆 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝘀 𝗯𝗼𝘁𝗵.
#TaxTargets #FBR #PakistanEconomy #FiscalFacts #TaxPolicy #EconomicStability #FactsMatter
@Financegovpk@FBRSpokesperson@PakPMO@GovtofPakistan@MoIB_Official
Eid ul Adha Mubarak! May the spirit of sacrifice inspire us to serve with humility and give with open hearts. Wishing the nation a blessed and joyful Eid! 🌙🇵🇰
Pakistan Customs remains steadfast in dismantling smuggling networks through vigilant enforcement and strategic operations. Our resolve in interdiction, revenue protection, and border security reflects an unwavering commitment to safeguard the national economy. (6/6)
𝐏𝐚𝐤𝐢𝐬𝐭𝐚𝐧 𝐂𝐮𝐬𝐭𝐨𝐦𝐬 𝐬𝐞𝐢𝐳𝐞𝐬 𝐬𝐦𝐮𝐠𝐠𝐥𝐞𝐝 𝐠𝐨𝐨𝐝𝐬 𝐰𝐨𝐫𝐭𝐡 𝐑𝐬. 𝟑.𝟕 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐭𝐰𝐨 𝐰𝐞𝐞𝐤𝐬 — delivering one of the most productive enforcement fortnights in Pakistan Custom’s recent institutional history. (1/6)
Sargodha Enforcement seized Rs. 96M in Bhakkar, where a 10-wheeler truck kept under surveillance for much of its route was found concealing contraband beneath a legitimate consignment of onions — a known smuggling tactic met with precision enforcement. (5/6)
Pakistan’s election to the WCO Policy Commission strengthens our voice in global customs governance and opens new avenues for technical cooperation and international policy engagement.
Pakistan Customs — Guardians of Pakistan's Economic Frontiers. 🇵🇰 (5/5)
Pakistan makes history! Pakistan customs is elected to the World Customs Organization Policy Commission for the first time in nearly 70 years of membership! 🇵🇰(1/5)
This outcome reflects nearly two years of sustained diplomatic engagement led by Mr. Syed Asad Raza Rizvi, Pakistan's Permanent Representative to the WCO in Brussels, in close coordination with Mr. Irfan Javed and his team at the International Customs (IC) Wing of FBR. (4/5)
All seized goods and vehicles are in official custody of Pakistan Customs, and legal proceedings are underway. Pakistan Customs and FBR remain resolute in intensifying anti-smuggling efforts to safeguard the national economy and ensure fair trade. @FBRSpokesperson
Pakistan Customs Anti-Smuggling Organization (ASO) Multan has successfully foiled two major smuggling attempts, seizing goods worth over Rs. 204.9 million in coordinated intelligence-based operations. 1/4
In a separate operation at Sher Shah Motorway Rest Area, a Hino chiller container revealed concealed foreign-origin goods: cigarettes worth Rs. 16.8 million and 12,625 kg of poppy seeds worth Rs. 12.6 million, hidden alongside empty fruit baskets. 3/4
This landmark development enhances regional connectivity and provides EPZ exporters with direct access to Central Asian markets, strengthening Pakistan's trade outreach and economic engagement with the region.
(5/5)
Pakistan Customs has processed its first-ever TIR export from the Export Processing Zone (EPZ), Karachi to Kyrgyzstan, opening a new land trade corridor to Central Asia via Sost, China.
(1/5) @Financegovpk@mincompk@FBRSpokesperson
The Directorate General of Transit Trade, Karachi, led the upgrade of customs systems in coordination with PSW, TIR operators, PNCC-ICC, and the IRU.
(4/5)