Sindh Revenue Hits All-Time High as SRB Posts 20% Growth in FY2025-26

Karachi: The Sindh Revenue Board (SRB) collected Rs 370.064 billion in its history during fiscal year 2025-26, which is about Rs 8 billion more than the set annual target of Rs 362 billion. According to preliminary data, the agency not only achieved the target but also recorded significant growth compared to the previous fiscal year.

According to official data, the Sindh Revenue Board collected Rs 307.930 billion in the previous fiscal year, while the total revenue in the current fiscal year increased by 20.17 percent. This performance has come at a time when the country’s economy was facing a slowdown and various financial challenges.

The largest share of the revenue of the Revenue Board was generated from Sindh Sales Tax on Services (SST), where the collections increased to Rs 344.602 billion. This item recorded an increase of more than 21 percent compared to the previous fiscal year, indicating an improvement in tax collections in the services sector.

Similarly, collections were also seen through Sindh Workers Welfare Fund (SWWF) and Sindh Companies Profits Workers Participation Fund (SWPF). The total collections on these two items were Rs 24.435 billion, which is almost 10 percent more than the previous year.

The revenue generated from agricultural income tax, which was recently included in the responsibilities of the Sindh Revenue Board, exceeded Rs 1 billion. However, these collections remained significantly below the annual target of Rs 6 billion, indicating the need for further reforms and effective enforcement in this sector.

Sindh Revenue Board Chairman Wasif Ali Memon said that June 2026 proved to be an exceptional month for the institution, as a record collection of Rs 45.08 billion was made in just one month. According to him, this is the highest revenue of any month since the establishment of the institution, and it also recorded an increase of more than 28 percent compared to May.

He said that despite the economic slowdown and the tense situation in the region, the institution maintained its performance, which is credited to the hard-working staff, the support of the Sindh government and the cooperation of taxpayers. According to him, in the next financial year, special attention will be paid to expanding the tax net, promoting the trend of voluntary tax payment and making the digital tax system more effective.

It may be recalled that the Sindh government had directed the revenue-raising institutions to further strengthen the collection system before the budget for the new financial year, while the federal government has also urged the provinces to make their role more effective in achieving fiscal targets by increasing revenues from services, property and agricultural sectors.