KP sets Rs182,410 million revenue collection target for FY2026-27

PESHAWAR, June 19: The Khyber Pakhtunkhwa government has set a revenue collection target of Rs182,410 million for the next fiscal year 2026-27, reflecting a 41.4 percent increase compared to the outgoing fiscal year.

In the outgoing fiscal year, the revenue collection target stood at Rs129,000 million, including Rs83,500 million in tax revenue and Rs45,500 million in non-tax revenue, according to the Finance Bill approved by the provincial cabinet in a meeting chaired by Chief Minister Muhammad Sohail Afridi on Friday.

The meeting approved all proposals presented before the cabinet.

The finance bill noted that Rs100,800 million has so far been collected in ten months of the fiscal year 2026-27.

The bill proposes amendments to seven key laws and acts as part of the broader fiscal and administrative reforms.

These include proposed amendments to the Urban Immovable Property Tax Act 1958 and the Motor Vehicle Taxation Act.

Amendments were also recommended in the Khyber Pakhtunkhwa Finance Act 1990 and KP Ordinance No 2002-23.

The government has decided to amend the KP Sales Tax on Services Act 2022.

It also proposes incorporating part of the KP Infrastructure Development Cess Act 2022 into the Finance Bill, along with amendments to the KP Public Finance Management Act 2022.

Following approval from the provincial cabinet, relevant departments will issue notifications to implement changes in rules and regulations.

Further amendments were proposed in the KP Food and West Pakistan Food Stuff Control Act 1958.

Changes were also suggested in the Agriculture Pesticides Rules 1973 and Fertilizer Control Rules 2003.

The KP Standard Weights and Measures Rules 1976 are also set to be revised.

Amendments were additionally recommended in the Mines Registration Rules 1996 and Conduct of Examination Rules 2022.

Similarly, changes were proposed in the Khyber Pakhtunkhwa Civil Servant Pension Rules 2021.

The government has also decided to introduce e-invoicing and Sales Tax Enforcement Rules 2026 under the Khyber Pakhtunkhwa Revenue Authority.

The Chief Minister approved presenting all proposals before the provincial cabinet.

The cabinet has completed formal scrutiny of the Finance Bill 2026, which will now be tabled in the provincial assembly for final approval.