Wednesday, 8 February 2012

Karachi


Karachi is the financial and commercial capital of Pakistan. In line with its status as a major port and the country's largest metropolis, it accounts for a lion's share of Pakistan's revenue. According to the Federal Board of Revenue's 2006-2007 year book, tax and customs units in Karachi were responsible for 46.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. Karachi accounts for 75.14% of customs duty and 79% of sales tax on imports. Therefore, Karachi collects a significant 53.38% of the total collections of the Federal Board of Revenue, out of which 53.33% are customs duty and sales tax on imports.  Revenue collected from Karachi includes revenue from some other areas since the Large Tax Unit  Karachi and Regional Tax Offices Karachi, Hyderabad, Sukkur & Quetta cover the entire province of Sindh and Baluchistan

No comments:

Post a Comment