Home Latest Federal govt’s non-tax revenue surges by Rs. 1,623 billion

Federal govt’s non-tax revenue surges by Rs. 1,623 billion

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The federal government’s non-tax revenue witnessed a significant increase of Rs. 1,623 billion during the first six months of the current fiscal year, according to official documents. From July to December, non-tax revenue surged to Rs. 3,602 billion, compared to Rs. 1,979 billion recorded in the same period last fiscal year.

A major portion of the increase came from the petroleum levy, where an additional Rs. 76.64 billion was collected. The total petroleum levy revenue reached Rs. 549 billion, up from Rs. 472.77 billion in the corresponding period last year.

The State Bank of Pakistan (SBP) also contributed significantly to non-tax revenue, recording a profit of Rs. 2,500 billion between July and December, a sharp rise from Rs. 972 billion in the same period last year.

Revenue from passport fees increased by Rs. 13.81 billion, with total collections amounting to Rs. 39.54 billion, compared to Rs. 25.73 billion last year. Similarly, gas development surcharge revenue rose to Rs. 27.34 billion, significantly higher than the Rs. 4.5 billion collected in the previous year.

The government also received Rs. 131.52 billion in interest payments from provinces and state-owned enterprises (SOEs), though this was lower than the Rs. 241 billion collected during the same period last year. Revenue from profit distribution stood at Rs. 97.47 billion, up from Rs. 88.74 billion in the previous year.

Additionally, regulatory authorities, including the Pakistan Telecommunication Authority (PTA), generated Rs. 28.81 billion, a decline from Rs. 50.46 billion in the same period last year. Revenue was also collected through royalties on oil and gas, windfall levies, and LPG levies.

  • Internews Pakistan is an Islamabad-based news agency established in 1997.

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