ISLAMABAD: The Federal Board of Revenue (FBR) recorded a significant rise in withholding income tax collection on imports, amounting to Rs422.42 billion in fiscal year 2024–25 — an 11.36% increase from Rs379 billion in the previous year.
As per official data, the tax was collected under Section 148 of the Income Tax Ordinance, 2001. The surge reflects a rebound in import activity coupled with stronger enforcement and monitoring at customs points.
Officials noted that income tax on imports remains one of FBR’s key revenue sources. The recovery follows the easing of import restrictions and implementation of new administrative measures to curb under-invoicing and misdeclaration.
Pakistan’s total imports grew by 6.58% to $58.38 billion in FY25, compared to $54.80 billion in FY24. In rupee terms, imports reached Rs15.48 trillion — a 5.37% rise — showcasing FBR’s improved efficiency in capturing tax revenue from expanding trade volumes.
