KARACHI: Port and terminal operators emerged as the largest contributors to sales tax on services in Sindh during fiscal year 2024-25, according to the annual performance report released by the Sindh Revenue Board (SRB). Tax consultation service
The report highlights sustained growth across major service sectors, with the top 10 revenue-generating industries collectively contributing Rs. 155.6 billion, reflecting strong economic activity and improved tax compliance. Additionally, 27 other service sectors generated over Rs. 1 billion each, demonstrating a rapidly diversifying revenue base.
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The Ports, Airports & Terminal Operators sector, taxed at 15%, remained the single largest contributor, generating Rs. 40.19 billion, a 19% increase from Rs. 33.67 billion recorded in FY 2023-24. Major contributors included Karachi Port Trust, Port Qasim Authority, SAPT, and KICT.
The Telecommunication sector retained second position, contributing Rs. 24.20 billion, up 13% year-on-year, supported by rising demand for broadband, data communication, and internet services. The Banking sector posted 27% growth, contributing Rs. 20.34 billion, while Franchise and Intellectual Property services recorded 20% growth, generating Rs. 17.53 billion.
Notably, the Funds and Asset Management sector entered the top ten for the first time, registering an impressive 162% growth, with collections rising to Rs. 5.76 billion. This growth was driven by macroeconomic stability, falling inflation, easing monetary policy, and a 50% surge in the KSE-100 index during FY25.
Other high-performing sectors included Insurance, Contract Execution, Software & IT Consultancy, Goods Transportation, and Technical & Engineering Consultancy, all posting strong double-digit growth, reinforcing Sindh’s expanding services economy.
Top 10 Revenue-Contributing Service Sectors in Sindh (FY 2024-25)
S. No. Major Service Sector FY25 Revenue (Rs bn) FY24 Revenue (Rs bn) Growth
1 Port, Airport & Terminal Operators 40.19 33.67 19%
2 Telecommunication 24.20 21.49 13%
3 Banking 20.34 15.96 27%
4 Franchise 17.53 14.65 20%
5 Insurance 14.56 11.34 29%
6 Contract Execution 12.24 10.67 15%
7 Software & IT Consultation 7.80 5.22 49%
8 Goods Transportation 7.19 4.80 50%
9 Technical, Scientific & Engineering Consultation 6.14 4.26 44%
10 Funds & Asset Management 5.76 2.20 162%
