Karachi, January 8, 2025 – Karachi, Pakistan’s commercial and financial powerhouse, has once again proven its pivotal role in the national economy, contributing a significant 46% to the Federal Board of Revenue’s (FBR) total revenue collection in the fiscal year 2023-24.
According to an official report from FBR, the city generated a remarkable Rs 4,253 billion in duties and taxes during this period, out of the national total of Rs 9,299 billion.
The report highlights that Karachi’s contributions to the national tax pool were not limited to one sector but spanned multiple categories, including income tax, sales tax, and federal excise duty. The FBR’s Inland Revenue offices in Karachi collected Rs 3,400 billion, accounting for 41.48% of the overall total tax receipts. The breakdown of this collection reveals the critical role of Karachi’s tax offices in the national economy, with the Large Taxpayers Office (LTO) Karachi alone contributing Rs 2,523 billion. Other Inland Revenue offices, such as Regional Tax Offices (RTO) – II Karachi, RTO-I Karachi, Medium Tax Office (MTO) Karachi, and Corporate Tax Office (CTO) Karachi, collectively added Rs 877 billion to the city’s tax contribution.
In addition to Inland Revenue contributions, Karachi was the leading player in customs duty collection as well. The city generated an impressive Rs 853 billion in customs duties, representing 77.26% of the total customs duty collected nationwide, which amounted to Rs 1,104 billion for the fiscal year. This significant figure was driven by customs stations located across the city, including Port Qasim Appraisement Karachi, which alone contributed Rs 278 billion. Other key customs stations such as Appraisement (East) Karachi, Appraisement (SAPT) Karachi, and Enforcement Karachi added further substantial amounts, totaling millions more in customs revenue.
Customs stations like Jinnah International Airport (JIAP) Karachi and Ports also contributed to the city’s vital role in national customs revenue, collectively generating millions in duties. The robust performance of Karachi’s tax and customs infrastructure underscores the city’s centrality to Pakistan’s economic landscape.
This contribution not only showcases Karachi’s importance in terms of revenue generation but also emphasizes the critical role of the city’s tax and customs administration in Pakistan’s ongoing economic development.