LTO Karachi collects Rs1.59tr revenue in FY22

MG News | June 30, 2022 at 11:59 PM GMT+05:00

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June 30, 2022 (MLN): Large Taxpayers Office (LTO), Karachi has shown remarkable achievement by collecting Revenue at Rs1.59 trillion in all taxes in FY22 as against Rs1.124tr collected in FY21, showing an overall growth of 42%, said a statement issued on Thursday.

The overall budget target assigned to LTO Karachi by the federal government for the said period was Rs1.44tr against which LTO Karachi has achieved Rs1.59tr which is Rs146bn in excess of the assigned target.

In June 2022, LTO has surpassed the budgetary target fixed at Rs170bn by collecting a gigantic Rs196bn (all taxes).

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