Advertisement
News

FBR’s Withholding Tax Revenue Surges 36.5% to Rs2.74 Trillion

Advertisement

The Federal Board of Revenue (FBR) in Pakistan has reported collecting Rs2.74 trillion in Withholding Taxes (WHT) so far this fiscal year, reflecting a 36.5% increase from last year’s Rs2.007 trillion. The primary driver of this surge has been taxes on contracts, which contributed the largest share.

The data shows growth across all major WHT categories, with dividends leading the rise at 69.9%. Other areas seeing marked increases include Technical Fees (53.6%), Profit on Debt/Bank Interest & Securities (52.8%), salaries (39.3%), and the sale of immovable property (37%).

The largest share of WHT came from contract payments (18%), followed by Profit on Debt/Bank Interest (18%), salaries (13%), dividends (5%), and electricity bills (5%). Together, these five categories accounted for 59% of the total WHT collected.

According to Mettis Global, WHT now makes up 29.47% of Pakistan’s total revenue of Rs9.299 trillion, up from 28.02% last year, signaling its growing contribution to the national treasury.

Advertisement
Zayn

Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

Recent Posts

PTCL Group continues to report double digit revenue growth in Q1 2025

Pakistan Telecommunication Company Limited (PTCL), the leading telecom and ICT services provider in the country,…

15 hours ago

Hajj Visa Chaos: 67,000 Pakistani Pilgrims at Risk Amid SAR2.67 Billion Transfer Dispute

Thousands of Pakistani pilgrims may miss Hajj this year after members of the Hajj &…

16 hours ago

Rickshaw Drivers Protest Ban in Karachi, Paralyse City Centre with Road Blockade

Rickshaw drivers in Karachi staged a disruptive protest outside the Karachi Press Club on Monday,…

16 hours ago

ANF Foils Rs2 Billion Drug Smuggling Attempt to Dubai via Karachi Port

Pakistan’s Anti-Narcotics Force (ANF) has seized 200 kilograms of crystal meth, worth over Rs2 billion,…

22 hours ago

Justice Mansoor Ali Shah Sworn In as Acting Chief Justice of Pakistan

Justice Mansoor Ali Shah, the most senior judge of Pakistan’s Supreme Court, has taken oath…

22 hours ago

Pope Francis Dies at 88, Vatican Confirms

Pope Francis has died aged 88, the Vatican confirmed on Monday morning. The Argentine-born pontiff,…

23 hours ago