PRA collects record Rs368bn revenue in FY26

LAHORE -- The Punjab Revenue Authority (PRA) has achieved a historic milestone by collecting Rs368 billion in taxes during the fiscal year 2025–26, exceeding its revenue target and recording the highest annual tax collection since its establishment.

According to the PRA, tax collection increased by Rs97 billion compared to the previous fiscal year, rising from Rs270 billion in 2024–25 to over Rs367 billion, reflecting an impressive 36 percent growth rate.

The authority also concluded the fiscal year on a strong note by collecting more than Rs48.5 billion in June alone. PRA collected 361 billion under Punjab Sales Tax on Services.

he basis was increased by 18% with the addition of 26,700 new taxpayers.

PRA Chairman Moazzam Iqbal Sipra described the achievement as the highest tax collection in the authority's history. He said the PRA delivered exceptional performance despite challenges including regional tensions and reduced business hours.

He credited the success to the unwavering support of the Punjab government, the leadership of the Chief Minister, and the confidence of taxpayers.

The Chairman further noted that the Government of Punjab has set a revenue target of Rs528 billion for the fiscal year 2026–27. He reaffirmed the PRA's commitment to broadening the tax base, promoting voluntary tax compliance, and accelerating digital reforms across the province.