LAHORE:

The Punjab Revenue Authority (PRA) has collected Rs54.8 billion in the first two months of the current fiscal year, its highest-ever collection for the July-August period, marking an increase of Rs11.5 billion over the Rs43.3 billion gathered during the same months last year, according to a statement issued on Wednesday.

The improved performance follows the establishment of Special Units and the Large Taxpayer Commissionerate, a PRA spokesperson said, adding that the collection represents the best July-August figure in the authority’s 13-year history.

The latest numbers build on a record-breaking fiscal year for the authority. PRA collected Rs368 billion in taxes during FY26, exceeding its revenue target and posting the highest annual collection since its establishment – a 36% increase over the Rs270 billion collected in FY25. On the back of that performance, the provincial government has set a revenue target of Rs528 billion for FY27.

A meeting on monthly revenue targets was held under the chairmanship of PRA Chairman Moazam Iqbal Sipra, who said tax compliance, enforcement and digital tax administration in Punjab would witness further significant improvement. He said digital monitoring and direct payment mechanisms have enhanced transparency and contributed to increased revenue generation. The chairman directed enforcement teams to accelerate field operations and ensure timely redressal of public complaints.