Pakistan, May 18 -- Pakistan's budget negotiations for fiscal year 2026-27 have entered a crucial phase as the International Monetary Fund (IMF) has reportedly asked the government to raise an additional Rs500 billion through new taxes measures.

Read More: Pakistan budget 2026-27 eyes heavy taxes

According to reports citing official sources, the demand comes as Islamabad finalises revenue targets and fiscal reforms ahead of the upcoming federal budget announcement. The Federal Board of Revenue (FBR) is expected to introduce several new measures aimed at broadening the tax base and improving documentation of the economy.

One of the key proposals includes the full implementation of a digital invoicing system in the next fiscal year. Offi...