Islamabad, October 29, 2025 – In a major fiscal milestone, the Federal Board of Revenue (FBR) announced on Wednesday that Pakistan’s tax-to-GDP ratio surged to 10.3% in the fiscal year 2024–25 — breaking a decade-long stagnation that averaged just 8.7%. According to the FBR’s Annual Report for FY 2024–25, the country’s total revenue collection reached an impressive Rs. 11,744.3 billion, compared to Rs. 9,299.1 billion in the previous year, reflecting a robust 26.3% growth and an increase of nearly Rs. 2.4 trillion in just one year. The report credited this improvement to “strategic policy reforms, strict administrative oversight, and enhanced audit enforcement,” marking a significant turnaround in the country’s fiscal landscape. Despite sluggish performance in major economic sectors, the FBR maintained strong momentum in tax collection across all four major revenue heads — income tax, sales tax, federal excise duty, and customs duty. The data also revealed a remarkable shift toward direct taxation. From FY 2015–16 to FY…