No Result
View All Result
Thursday, July 3, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    (Reliance Entertainment)

    Call for ban on anti-Islam Bollywood movie ‘Udaipur Files’

    (Amazon Prime)

    Priyanak Chopra’s ‘Heads of State’: Stream it or Skip it?

    Deepika Padukone
(Image: Instagram.com/deepikapadukone)

    Deepika Padukone joins Hollywood legends with Walk of Fame star

    Image: Facebook

    Adult film star Kylie Page dies of suspected drug overdose

    Mike (Liam Neeson) travels to Nepal to scatter his late brother's ashes on Mt. Everest. When Mike and his mountain guide encounter mercenaries on a tour bus, they are forced to fight to save themselves, the passengers, and the local villagers' homeland. (Courtesy of Vertical)

    Netflix or Amazon Prime: Where will Liam Nesson’s ‘Ice Road: Vengeance’ stream?

    (File Photo)

    Actress Memoona Qudoos speaks out against sexual harassment in showbiz industry

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    (Reliance Entertainment)

    Call for ban on anti-Islam Bollywood movie ‘Udaipur Files’

    (Amazon Prime)

    Priyanak Chopra’s ‘Heads of State’: Stream it or Skip it?

    Deepika Padukone
(Image: Instagram.com/deepikapadukone)

    Deepika Padukone joins Hollywood legends with Walk of Fame star

    Image: Facebook

    Adult film star Kylie Page dies of suspected drug overdose

    Mike (Liam Neeson) travels to Nepal to scatter his late brother's ashes on Mt. Everest. When Mike and his mountain guide encounter mercenaries on a tour bus, they are forced to fight to save themselves, the passengers, and the local villagers' homeland. (Courtesy of Vertical)

    Netflix or Amazon Prime: Where will Liam Nesson’s ‘Ice Road: Vengeance’ stream?

    (File Photo)

    Actress Memoona Qudoos speaks out against sexual harassment in showbiz industry

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Thought Box
  • Showbiz
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

Karachi remains top tax-paying city with 29% growth

MM News Staff by MM News Staff
July 2, 2025
(Representational Image)

(Representational Image)

Karachi has once again retained its position as the largest taxpayer city in Pakistan in the fiscal year 2024-25, providing a massive support to the national economy.

Karachi recorded a 29 percent year-on-year growth in tax collection at the federal level, while the Sindh Board of Revenue (SRB) showed a 29.5 percent increase in sales tax on services, maintaining its leading position in national and provincial revenues.

The SRB collects general sales tax on services in Karachi, while five offices of the Federal Board of Revenue (FBR)—RTO-1, RTO-2, MTO, CTO, and LTO—are responsible for collecting income tax, sales tax on goods, and federal excise duty.

It is estimated that 80 percent of the SRB’s GST collection comes from Karachi, while the remaining 20 percent comes from within Sindh. Although some companies operate out of Karachi, their head offices are located in Karachi, and the tax is collected there.

LTO Karachi collected Rs3.256 trillion in the fiscal year 2024-25, which is 29.46 percent more than Rs2.515 trillion in the previous year. In June alone, Rs449.05 billion was collected, which saw a 48 percent year-on-year increase. The Chief Commissioner attributed this performance to the professional dedication of his team.

Also read: Pakistan’s trade deficit widens to $26.2 billion in FY24-25

Income tax collected increased by 32 percent to Rs1.798 trillion, while sales tax increased by 21 percent to Rs1.235 trillion and excise duty increased by 63 percent to Rs222.2 billion.

These figures are without including taxes collected from ports, which further highlight the economic importance of Karachi.

Sindh Revenue Board collected Rs306.6 billion in the fiscal year 2024-25, which is 29.5 percent more than Rs236.8 billion in the previous year. In June, the SRB collected Rs40.5 billion, the highest monthly record in its history.

Chairman Dr. Wasif Ali Memon attributed this achievement to the SRB team, the support of the Sindh government, and the cooperation of taxpayers. He said that the SRB is ready to implement the Agricultural Income Tax and Negative List Tariff System from the next financial year, which will be effective from July 1, 2025.

ShareTweetSendShare
Previous Post

Gold price drops in Pakistan

Next Post

Govt slashes profit rates on National Savings schemes

Related Stories

File photo
Crime

Preliminary report submitted in Swat tragedy

July 3, 2025
(Representational Image)
Thought Box

Sending money without a bank account in the UAE — here’s how it works

July 3, 2025
File
Business & Stock

Latest prices of Honda motorcycles after new tax imposition

July 3, 2025
(File)
Business & Stock

Gold price up Rs800 per tola in Pakistan

July 3, 2025
Image: APP
Business & Stock

PSX gains 342 points in volatile session

July 3, 2025
Easypaisa Jazzcash
Business & Stock

Biometric verification made mandatory for JazzCash, easypaisa cash transactions

July 3, 2025
Top News

PMDC announces MDCAT 2025 exam date

July 3, 2025
file photo
Business & Stock

Pakistan Goods Transport threatens nationwide strike against hike in fuel prices

July 3, 2025
file photo
Business & Stock

New Suzuki car prices announced after implementation of Budget 2025–26

July 3, 2025
file photo
Business & Stock

UAE Dirham to PKR rates today- July 3, 2025

July 3, 2025
Next Post

Govt slashes profit rates on National Savings schemes

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

File photo
Uncategorized

Monsoon rains 2025: SBCA labels 588 buildings unsafe in Karachi

by MM News Staff
July 3, 2025
PCB file photo
Sports

PCB approves Rs18.3 billion budget for FY 25-26

by MM News Staff
July 3, 2025
File photo
Health

PMDC announces date for MDCAT 2025

by MM News Staff
July 3, 2025
File photo
Film & TV

India blocks Pakistani celebrities social media accounts again

by MM News Staff
July 3, 2025
File photo
Trending

Labubu craze turns Pop Mart CEO into billionaire

by MM News Staff
July 3, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

File photo
Weather

Heavy rains, flash floods forecast across country during July 6-10

by MM News Staff
July 2, 2025

The Meteorological Department warns of urban flooding, flash floods, and landslides in several regions...

Heatwave. File photo

Europe heatwave claims four lives each in Spain, France

July 2, 2025
File photo

Pakistan flash floods, heavy showers kill 64 in a week

July 2, 2025
(File Photo)

Weather forecast for Karachi today

June 30, 2025
See all

Prices

File
Business & Stock

Latest prices of Honda motorcycles after new tax imposition

by MM News Staff
July 3, 2025

Atlas Honda Limited has revised the retail prices of its motorcycle range, with the...

file photo

New Suzuki car prices announced after implementation of Budget 2025–26

July 3, 2025
representative image

Latest gold prices in Pakistan today- 3 July 2025

July 3, 2025
Online/File photo

NEPRA approves Rs1.15/unit cut in basic electricity tariff

July 2, 2025
See all

Transport News

file photo
Transport

Helmets made mandatory for motorcycle passengers in Islamabad

by MM News Staff
July 3, 2025

In a bid to enhance road safety, Islamabad authorities have made it mandatory for...

file photo

Pakistan Goods Transport threatens nationwide strike against hike in fuel prices

July 3, 2025
file photo

Pakistan Railways increases fares following hike in fuel prices

July 3, 2025
file photo

Islamabad Police issue traffic plan for today’s Muharram procession

July 2, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Thought Box
  • Showbiz
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.