Written by Faisal Shahnawaz in Budget 2026-27, Taxation, Top stories Petroleum products, imported vehicles and electrical machinery are expected to remain the largest contributors to customs duty revenue. ISLAMABAD: The Federal Board of Revenue (FBR) has projected customs duty collection of more than Rs410 billion from petroleum product imports during the fiscal year 2026-27, reflecting the government’s expectations of stronger import-related tax revenues under the federal budget. According to official documents, the projected collection of Rs410 billion represents an increase of approximately 21 percent over the revised estimate of Rs339.35 billion for FY2025-26. The FBR had originally estimated customs duty collections of more than Rs437 billion from petroleum products for FY2025-26. However, the target was later revised down to Rs339.35 billion after actual collections fell short of initial expectations. Overall customs duty target raised For FY2026-27, the FBR has set an overall customs duty collection target of Rs1.65 trillion, around 20 percent higher than the revised estimate of Rs1.37 trillion for the previous fiscal year. The revised figure also highlights that the original FY2025-26 customs duty target of Rs1.59 trillion was not achieved. The higher target forms part of the government’s broader revenue mobilisation strategy aimed at strengthening fiscal resources and meeting budgetary…