KARACHI: The Large Taxpayers Office Karachi recorded its highest-ever revenue collection during the first 10 months of fiscal year 2025-26, collecting nearly Rs3 trillion amid steady growth in direct taxes and federal excise duties.
According to official figures, the Federal Board of Revenue (FBR)’s largest revenue-generating office posted gross collections of almost Rs3 trillion during July–April FY26, compared with Rs2.83 trillion collected in the same period of the previous fiscal year, reflecting an increase of around 10 percent.
After adjusting refunds amounting to Rs117 billion, net revenue collection stood at Rs2.80 trillion, up from Rs2.56 trillion recorded in the corresponding period last year.
Direct tax collections showed significant growth during the period, rising 16 percent to Rs1.59 trillion compared to Rs1.37 trillion in the same period of FY25. Officials attributed the increase to stronger compliance among large taxpayers and higher withholding tax inflows.
Sales tax collections, including both domestic and import-related taxes, slightly increased to Rs1.03 trillion from Rs1.02 trillion last year. However, sales tax refunds also rose by 19 percent to Rs68 billion during the first 10 months of the fiscal year.
Meanwhile, federal excise duty (FED) collections registered notable growth of 14 percent, reaching Rs195 billion compared with Rs171 billion collected during the same period a year earlier.
Tax officials said the growth in revenue collection was achieved despite ongoing macroeconomic challenges and reflected continued enforcement measures and improved compliance efforts within the large taxpayer sector.
The LTO Karachi remains one of the most critical contributors to Pakistan’s overall tax revenue, with analysts viewing its performance as essential for achieving the government’s broader revenue and fiscal targets for FY2025-26.
