Karachi leads tax collection with record 29pc growth

In a remarkable fiscal performance, Karachi has emerged as the leading city in revenue collection for 2024-25, registering unprecedented growth in both federal and provincial tax receipts despite economic challenges. Federal tax collection in Karachi rose by 29 per cent year-on-year, while the Sindh Revenue Board (SRB) recorded a 29.5pc increase in sales tax on services. The city retained its status as the largest contributor to national and provincial revenue. The SRB collects General Sales Tax (GST) on services, while five offices of the Federal Board of Revenue (FBR) — RTO-1, RTO-2, Medium Tax­payers Office (MTO), Corporate Tax Office (CTO), and Large Taxpayers Office (LTO) — handle income tax, sales tax on goods, and Federal Excise Duty (FED) within Karachi.