Karachi receives a crown of the highest tax paying city

The Federal Board of Revenue (FBR) released the results of surveys conducted in various markets across the country.

According to the FBR survey report, the city of Quaid, which is considered as the financial hub of the country once again emerged as the highest tax paying city in Pakistan.

Details showed that the traders, retailers and wholesalers in Karachi paid tax of Rs 8,610,263,771 with only 52,808 tax filers, as compared to Lahore that despite boosting 55,342 tax filers_ the largest number of filers in Pakistan only paid Rs 5,219,983,079.

Six markets of Karachi received tax of Rs 30 billion from President, Tariq Road, Clifton, Golimar, DHA and Johar.

Karachi also boosts the highest number of high payers [that paid tax of more than Rs 100,000] in Pakistan with 6,468 high payers, as compared to Lahore that has 4,971 high payers.

The number of tax filers has increased to 85,020 in six markets in Karachi, in which 18,744 are big taxpayers, they paid Rs 29.94 billion.

Four markets of Lahore – Anarkali, Mall Road, Hafiz Center and Liberty – paid tax of Rs 56.5 million. The number of filers in four markets of Lahore has increased to 3,925.

Rs 1.092 billion of tax has been received from 5 markets in Rawalpindi. The number of tax filers in Rawalpindi has increased to 6,560.

From the five markets in Faisalabad, Rs 14.5 million of tax has been collected. The number of tax filers in Faisalabad market is 2,266.

In Islamabad, Rs 1.93 billion of tax has received from markets of Blue Area, F10 centers and Jinnah Super and the number of tax filers has increased to 6,428.