Written by Shahnawaz Akhter KARACHI, April 10 – Karachi accounted for 45% of Pakistan’s total direct tax collection in fiscal year 2024-25, underscoring the city’s central role in the country’s revenue generation, according to the annual report released by the Federal Board of Revenue. The report showed that Inland Revenue field offices in Karachi collectively collected Rs2.54 trillion in direct taxes during FY25, compared with the national total of Rs5.71 trillion. The share marks an increase from 43.73% recorded in the previous fiscal year, reflecting improved tax compliance and economic activity in the country’s financial hub. Karachi hosts five major Inland Revenue offices, including the Large Taxpayers Office (LTO), Medium Taxpayers Office (MTO), Corporate Tax Office (CTO), Regional Tax Office (RTO)-I and RTO-II. All offices reported notable growth in collections during the fiscal year. The LTO Karachi remained the largest contributor, collecting Rs1.8 trillion in FY25, up from Rs1.39 trillion a year earlier. The MTO Karachi collected Rs140 billion, compared with Rs110 billion in FY24,…