Islamabad, May 19 -- The Pakistan government has asked provincial administrations to collect over Rs 400 billion in additional taxes in the next fiscal year as the cash-strapped country struggles to meet stringent conditions set by the International Monetary Fund (IMF), The Express Tribune reported.

The move is expected to further burden citizens already grappling with soaring inflation and economic uncertainty, with the combined additional taxation target under federal and provincial budgets projected to exceed Rs 1.1 trillion for FY2026-27.

Pakistan Finance Minister Muhammad Aurangzeb held a virtual meeting with provincial finance ministers to discuss new revenue targets tied to IMF commitments, government officials said.

Under the p...