Karachi, January 7, 2025 – The Large Taxpayers Office (LTO) Karachi has retained its position as the highest tax-collecting office within the Federal Board of Revenue (FBR), contributing a significant 31% to the total inland tax collection for the fiscal year 2023-24. According to the FBR’s performance report for the tax year, LTO Karachi collected an impressive Rs. 2.52 trillion out of the total Rs. 8.21 trillion in inland taxes. This achievement underscores the pivotal role Karachi plays in the country’s tax ecosystem. The top five contributors to the FBR’s inland revenue collection are LTO Karachi, LTO Lahore, LTO Islamabad, RTO Lahore, and LTO Multan. LTO Karachi leads the pack with its 31% share, followed by LTO Lahore at 17.09% and LTO Islamabad at 14.18%. RTO Lahore and LTO Multan contributed 4.7% and 4.1%, respectively. Collectively, these five offices accounted for 71% of the total inland revenue, highlighting their critical importance to Pakistan’s fiscal stability. The remaining tax offices contributed 29.3% to the overall collection. Performance Across Tax Instruments The FBR report also shed light on its overall performance for FY 2023-24, showcasing remarkable achievements in several tax areas. Direct taxes…