Pakistan, July 2 -- Karachi has broken all previous records in tax collection during fiscal year 2024-25, emerging as the country's top revenue contributor. Despite a tough economy, the city posted a 29% rise in federal tax collections and a 29.5% increase in provincial sales tax on services, collected by the Sindh Revenue Board (SRB). This surge reaffirms Karachi's role as Pakistan's financial powerhouse.

The Large Taxpayers Office (LTO) Karachi collected a historic Rs3.256 trillion, up from Rs2.515 trillion last year. In a single day, LTO Karachi brought in Rs184.7 billion, another record. Tax collections in June 2025 alone totaled Rs449.05 billion, showing a massive 48% growth compared to June 2024. LTO officials credited the mileston...