On January 28, 2026, the International Monetary Fund (IMF) urged the Pakistani government to accelerate the recovery of the Super Tax to address a massive Rs335 billion revenue shortfall recorded in the first half of the fiscal year. This demand followed a landmark ruling by the Federal Constitutional Court (FCC) on Tuesday, which upheld the constitutionality of the tax. The court dismissed petitions from high-income companies and individuals, effectively green-lighting the Federal Board of Revenue (FBR) to collect hundreds of billions in pending dues from the country’s most profitable sectors.
IMF urges Pakistan to cover revenue shortfall through Super Tax
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The Super Tax, which applies rates between 1% and 10% on large-scale earnings, is now expected to generate nearly Rs300 billion in the coming weeks alone. IMF officials, during virtual discussions with the FBR, expressed satisfaction with the court’s verdict and insisted that all arrears be cleared within the current month to meet the $7 billion loan program’s fiscal targets. Government sources emphasized that this recovery will help avoid the need for a “mini-budget” or new short-term taxes, as the FBR aims to eliminate the current deficit by March.
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The FBR’s legal wing has already prepared to defend any further challenges in the Supreme Court, though the IMF is applying significant pressure to end the litigation cycle. With the central bank holding interest rates at 10.5% to stabilize the economy, the government is banking on these corporate tax recoveries to provide the necessary fiscal space without squeezing the general public further.
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