Pakistan is once again in the spotlight of the International Monetary Fund (IMF). The Fund’s visiting mission has raised serious concerns over Islamabad’s inability to meet tax collection targets and its overreliance on court-pending cases worth more than PKR 170 billion.

The issue came up during the first round of discussions this week in Islamabad as part of the IMF’s second review of its bailout programme, which is expected to unlock a $1 billion loan tranche. According to The Express Tribune, the IMF team was blunt about Pakistan’s missed fiscal targets and the prolonged litigation blocking crucial revenues.

The numbers that don’t add up

The Federal Board of Revenue (FBR) collected PKR 11.74 trillion in FY25 against an annual target of PKR 12.9 trillion, missing both its revenue g

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