The Federal government expects PKR 15.26tn in tax receipts and PKR 5.34tn in non-tax receipts during 2026–27. Together they produce gross revenue receipts of PKR 20.60tn. Taxes supply 74% of that total.
The distinction is more than bookkeeping. Tax revenue tends to be the more repeatable base of the state, even if collection fluctuates with growth, imports, inflation and compliance. Non-tax revenue includes a more varied mixture—profits, fees, levies and other receipts—whose durability can differ sharply from one line to another.
After the PKR 8.85tn provincial share is deducted, net revenue receipts are PKR 11.75tn, or 63% of total expenditure. The remaining resources come from borrowing, external receipts and privatisation proceeds.
That provincial share is budgeted at PKR 8.85tn, or 58% of Federal tax receipts. It is not spare Federal revenue: it is part of the constitutional and fiscal architecture through which collection at the centre supports spending by provinces.
The risk is therefore two-sided. If tax collection disappoints, the centre’s financing pressure rises and provincial transfers may face greater execution risk. If the non-tax target relies on receipts that are hard to repeat, a strong headline can conceal a weaker structural position. The quality of revenue matters almost as much as its quantity.
