Pakistan Customs revenue collection surges by 5.4 percent

KARACHI: The overall revenue collection by Pakistan Customs in the fiscal year so far i.e. seven months (July-January 2016-17) stood at Rs639.056 billion, up 5.4 percent as against Rs606.16 billion in the same period last year July-January 2015-16.

The revenue collection by Pakistan Customs South region surged by 6.9 percent to Rs551.22 billion in July-January 2016-17 as compared with the collection of Rs515.12 billion in same period last year.

Customs Duty collection by Pakistan Customs stood at Rs187.18 billion during July-January 2016-17 compared with Rs169.245 billion same period last year. Customs duty collection by Pakistan Customs South region surged stood at Rs161.335 billion in July-January 2016-17 as compared with the collection of Rs145.23 billion last year.

Overall sales tax collection at import stage stood Rs345.326 billion during the period under review as against Rs331.174 billion in the same months last year.

Customs Appraisement South’s collection of sales tax at import stage stood at Rs296.876 billion as against Rs278.737 billion collected last year in the similar period.

Income tax collected by Pakistan Customs during (July-January 2016-17) stood at Rs102.698 billion as compared with Rs99.83 billion last year. Appraisement South collected Income tax of Rs90.63 billion in the period as against Rs87 billion collected in the same period last year.

Highest revenue collection in terms of Customs duty came from MCC Port Qasim, which collected Rs51.83 billion followed by MCC Appraisement West collecting Rs49.66 billion and MCC Appraisement East collecting Rs41.902 billion in July-January 201617.

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