• SRB surpasses annual target of Rs362bn; receipts rise 20pc from last year
• Sales tax collection jumps to Rs344bn; agricultural income tax misses Rs6bn target

ISLAMABAD: The Sindh Revenue Board (SRB) reported its highest-ever revenue collection of 370.064 billion rupees for the 2025-2026 fiscal year, surpassing its target of 362bn rupees and marking a 20.17 per cent increase from the previous year’s 307.93bn rupees, according to provisional figures released on Wednesday.

The SRB is responsible for collecting the sales tax on services, the Workers Welfare Fund, the Sindh Companies Profits Workers’ Participation Fund and the Agricultural Income Tax in the province.

A breakdown of the figures showed that the collection under the Sindh Sales Tax — the main collection for which the board was established — reached 344.602bn rupees. This reflects a growth of 21.2pc over the previous year’s collection of 284.377bn rupees.

The board’s collection under the Sindh Workers’ Welfare Fund and the Sindh Companies Profits Workers’ Participation Fund increased to 24.435bn rupees, registering a 10pc growth from the 22.253bn rupees collected last year.

However, the collection of the newly assigned Agricultural Income Tax (AIT) fell short. While it exceeded 1bn rupees during the fiscal year, it missed the projected target of 6bn rupees.

SRB Chairman Wasif Ali Memon said the financial year ended on a strong note, with 45.08bn rupees collected in June. It was the highest collection in any month since the board’s inception and represented a 28.3pc growth compared to the 35.15bn rupees collected in May.

Memon said the SRB showcased an impressive performance despite low economic growth and the adverse impact of regional conflict on revenue collection during the latter half of the financial year.

“SRB’s performance is attributed to the hard work and unwavering dedication of its workforce besides the support from the Government of Sindh and the trust and cooperation by taxpayers,” Memon said.

The chairman added that the SRB team is determined to accelerate the momentum of revenue growth in the 2026-2027 fiscal year, which has a sales tax on services target set at 456bn rupees.

The board aims to meet this goal “while meeting the challenges of broadening the tax base, enhancing voluntary compliance and accelerating digital transformation in tax administration,” he said.

Published in Dawn, July 2nd, 2026