During the current perod from July to May, the major sectors for the collection of revenue include Petroelum, Auto sector, Banks, cement, Tobacco and Sugar.
Petroleum sector tops the revenue stream with collection of PKR577 billion which was PKR516 billion last year showing an increase of 12 percent. Oil sales during the same period posted growth of 15 percent to 17.5 million tons against sales of 14.8 million tons during the same period last year. From the tobacco sector, FBR has collected PKR129 billion revenue which was PKR104 billion last year thus showing an increase of 24 percent.
Tax revenue of PKR108 billion is collected from the auto sector which was PKR72 billion in the last year with growth of 51 percent due to significant growth in Auto sales given availability of cheap financing. The revenue from sugar sector was PKR53 billion which was PKR31 billion last year showing a growth of 74 percent due to imposition of 17 percent sales tax.
The Customs duty collections in the current year from the major items include vehicles, Iron Steel and Machinery and mechanical appliances. Customs duty of PKR98 billion is collected from vehicles which was PKR52 billion last year showing an increase of 86 percent. Customs duty from Iron and Steel remained PKR53 billion which was PKR42 billion last year showing a growth of 24 percent. Similarly, Customs duty from machinery and mechanical appliances is PKR38 billion which was PKR30 billion last year in the same period thus showing a growth of 26 percent.
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