Loading weather…
Breaking News

Which Sector Paid the Most Tax in Pakistan? Senate Briefed

Which Sector Paid the Most Tax in Pakistan Senate Briefed

Pakistan’s total tax collection for the fiscal year 2024–25 reached Rs11,747 billion, according to data shared by the Finance Minister during Senate Question Time. The official reply presented a detailed sector-wise breakdown, showing which industries contributed the most to the national exchequer.

The finance minister revealed that banks remained the highest contributors, paying Rs1,127 billion in tax. This made the banking sector the largest single tax-paying group of the year. The petroleum sector followed closely, submitting Rs1,121 billion, reflecting its major role in government revenue.

The power sector also made a significant contribution by paying Rs858 billion in tax, placing it among the top revenue-generating sectors.

Contributions from Wholesalers and Salaried Individuals

Wholesalers paid Rs693 billion in taxes, continuing to be a major indirect tax-paying group. Meanwhile, the salaried class contributed Rs498 billion. Their consistent participation highlights the steady inflow of direct taxes from employees across the country.

Complete Breakdown of Total Tax Revenue

The government provided a full breakdown of the Rs11,747 billion collected in 2024–25:

  • Income Tax: Rs5,794 billion
  • Sales Tax: Rs3,901 billion
  • Federal Excise Duty: Rs767 billion
  • Customs Duty: Rs1,285 billion

These figures show the composition of Pakistan’s overall tax structure, split between direct and indirect sources. Income tax formed the largest share, followed by sales tax, while customs duty and federal excise duty also played important roles in boosting revenue.

In other news read more about Pakistani Rupee Strengthens Against UAE Dirham Near Record Low

The data underscores the reliance on diverse sectors and taxpayer groups to sustain the country’s financial system. The government is expected to review these numbers as it prepares future policies aimed at improving transparency, expanding the tax base, and strengthening economic stability.

Picture of Ahmer Nadeem

Ahmer Nadeem

Ahmer is an experienced digital media journalist, equally skilled in covering parliament and breaking stories. With expertise spanning culture, politics, technology, and human interest, he brings depth and diversity to his reporting. His versatility extends to lifestyle and arts, making him a dynamic storyteller driven by accuracy, insight, and impact.
Facebook
Twitter
LinkedIn
Pinterest
WhatsApp

Ahmer Nadeem

Journalist
Ahmer is an experienced digital media journalist, equally skilled in covering parliament and breaking stories. With expertise spanning culture, politics, technology, and human interest, he brings depth and diversity to his reporting. His versatility extends to lifestyle and arts, making him a dynamic storyteller driven by accuracy, insight, and impact.

Trending

Latest