Karachi, May 21, 2025 – The Large Taxpayers Office (LTO) Karachi has once again demonstrated its exceptional prowess in revenue mobilization by amassing an unprecedented Rs2.56 trillion in tax collections during the first ten months (July to April) of the fiscal year 2024-25.
This outstanding achievement underscores LTO Karachi’s vital role as the cornerstone of Pakistan’s fiscal strength and its unwavering commitment to supporting the nation’s economic stability.
Official sources on Wednesday revealed that the net tax collection at LTO Karachi marked an impressive growth of 27% compared to Rs2 trillion collected during the same period last fiscal year. This remarkable increase reflects the relentless dedication and efficiency of the LTO Karachi in broadening the tax base and enhancing compliance among large taxpayers.
What makes this growth even more commendable is the significant Rs114 billion in refunds that LTO Karachi processed and disbursed to taxpayers during this period, showcasing the office’s transparency and taxpayer-friendly approach.
As the largest revenue-collecting unit under the Federal Board of Revenue (FBR), LTO Karachi continues to set high benchmarks. The detailed revenue breakdown reveals that direct taxes have been the major driver of this success story. Collections under direct taxes surged by 28%, reaching an impressive Rs1.37 trillion during July to April, up from Rs1.07 trillion last year.
LTO Karachi’s excellence extends to indirect taxes as well. The sales tax collections soared past the Rs1 trillion mark, registering a healthy 22% increase compared to Rs839 billion in the previous fiscal period. Notably, the sales tax on domestic supplies increased by a striking 30%, while the import-stage sales tax rose by 14%, reflecting growing economic activity and improved tax administration in Karachi.
Moreover, the collection of Federal Excise Duty (FED) experienced a phenomenal growth of 55%, soaring to Rs172 billion against Rs111 billion in the previous year. This extraordinary performance highlights LTO Karachi’s critical role in enhancing federal revenues and contributing significantly to the country’s economic development.
In conclusion, LTO Karachi’s stellar tax collection figures for 10MFY25 exemplify its position as a linchpin of Pakistan’s revenue system, bolstering economic growth and ensuring fiscal sustainability for the future.