ISLAMABAD:
The Federal Board of Revenue has reported that fifteen major sectors contributed nearly 57.3% of Pakistan’s local sales tax collection during fiscal year 2024-25. These include electrical energy, petroleum products (POL), sugar, cement, and cotton yarn, among others.
According to the latest data available from FBR, net domestic sales tax collection reached Rs 1,619.5 billion, up 32.4% from Rs 1,222.9 billion collected during the last year, adding Rs 396.6 billion in extra revenue.
The power sector led the list, contributing 22.8% of the total domestic sales tax due to higher electricity tariffs. However, the share of petroleum products fell from 6.9% last year to 2.6% this year. Except for cigarettes and POL products, all major revenue sectors reflected positive growth.
Sales tax from motor cars increased sharply by 158.8% due to increases in production and sales. Production of cars increased from 79,594 units in FY 2023–24 to 111,402 in FY 2024–25, while their sales increased from 81,579 to 112,203 in the same period.
Similarly, sales tax collection witnessed a 136.2% jump in the motorcycle sector, according to sales data. Production at 1.51 million units and sales at 1.52 million units grew from 1.15 million units each. This fueled revenue growth.
The data also indicated that the top 15 imported commodities accounted for 71.3% of Sales Tax (Import) collections for FY 2024–25.
The net Sales Tax (Import) touched Rs 2,281.9 billion as against Rs 1,863.9 billion last year, showing an increase of 22.4%. The petroleum products remained at the top with a contribution of 13.8% in import sales tax collection, which was approximately Rs 315.1 billion in FY 2024-25 as compared to Rs 309.6 billion a year ago.
