- Sales tax collection on imports increased by 30% in February 2025.
- This increase is attributed to higher import activity.
- Sales tax collection on imports reached Rs 67 billion in February 2025, up from Rs 51 billion in February 2024.
- Pakistan’s import bill rose by 12% in February 2025, reaching $4.81 billion.
- Overall sales tax collection on imports for the first eight months of the fiscal year increased by 13%, reaching Rs 527 billion.
- Total imports for the July-February period reached $37.86 billion, a 7.60% increase from the previous year.
- The increase in imports has boosted sales tax revenue but also raised concerns about the trade deficit and reliance on foreign exchange reserves.
- Policymakers need to address the growing import bill and its impact on the balance of payments.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
