Govt may set non-tax revenue target at Rs5,000 billion in budget

The federal government is mulling setting the target of non-tax revenue in the budget for the next financial year, 2026-27 at Rs5,000 billion, reported 24NewsHD TV channel on Tuesday.

However, failure on the part of the government to collect more than Rs400 billion from provinces and different sectors under the head of non-tax revenue has emerged as a big challenge for the government’s financial discipline.

It has been learnt that the government has failed to collect Rs417 billion under the head of gas infrastructure; Rs171 billion from the fertilizer sector, and Rs82 billion from the CNG sector.

Similarly, captive power and textile sectors have to pay Rs76 billion to the government, and Karachi-Electric Rs32 billion.

Likewise, the government has failed to collect Rs283 billion from provinces under the head of interest.

Meanwhile, the government has drawn up a plan to increase collections under the head of non-tax revenue.

On Monday, 24News TV channel reported that the federal budget 2026-27 had set an ambitious target of creating 2 million new jobs in the upcoming fiscal year through increased investment and improved economic growth, according to official documents.

The employment generation plan focuses on expanding opportunities across the services, industrial, and agricultural sectors as part of a broader strategy to strengthen job-led economic growth.

According to the document, around 1.1 million jobs are expected to be created in the services sector during the next fiscal year, making it the largest contributor to new employment opportunities.

The industrial sector is projected to generate approximately 500,000 jobs, while the agriculture sector is expected to provide around 400,000 new employment opportunities.

Officials said the rising trend of job creation is expected to support overall economic growth and help shift the economy towards a more employment-driven model.

The government has stated that the targets will be achieved through policy reforms, investment incentives, and sector-specific development initiatives outlined in the new budget framework.

Reporter: Waqas Azeem