LTO Karachi collects Rs1.26 trillion during July-April

KARACHI: The Large Taxpayers Office (LTO), Karachi has shown remarkable achievement by collecting revenue at Rs1.265 trillion in all taxes during the period July 2021 to April 2022 as against Rs900.176 billion collected in the previous year, showing an overall growth of 41 per cent vis-à-vis overall collection made during the same period of the last year.

The overall budget target assigned to the LTO Karachi by the federal government for the period July 2021 to April 2022 was Rs1.154 billion against which the LTO Karachi has achieved Rs1.265 billion, which is Rs111.001 billion in excess of the assigned target.

During April 2022, the Large Taxpayers Office, Karachi has also surpassed the budgetary target fixed at Rs112.598 billion by collecting gigantic Rs120.188 billion (all taxes) against the target fixed by the government.