Business
Pakistan's non-tax revenue surges by Rs 243 bln: Ministry of Finance
The report indicated that from July to September this year, non-tax revenue exceeded Rs 453 billion.
Islamabad: Pakistan's Ministry of Finance has reported a substantial increase in the government's non-tax revenue, amounting to an additional Rs243 billion.
As per the Ministry's report, the non-tax revenue for the period of July to September in the current year has exceeded Rs 453 billion rupees.
This marks a significant increase from the previous fiscal year when non-tax revenue amounted to Rs 210 billion and Rs 60 million.
In the same period last year, consumers contributed a total of 47 billion and 47 crores in levies.
The report further indicates that, in accordance with the IMF agreement, the government is actively collecting a levy of Rs 55 per liter on diesel and Rs 60 per liter on petrol.
The overall target for petroleum levy collection in the current fiscal year is set at Rs 869 billion.
Additionally, government institutions have received 66 billion and 76 crores in the form of markup, while passport fees contributed 14 billion and 54 crores to the non-tax revenue.
Oil and gas royalties have also contributed significantly, totaling 41 billion and 65 crores.
The report highlights that regulatory authorities, including the Pakistan Telecommunication Authority (PTA), generated 3 billion and 58 crores in revenue.
Furthermore, the Islamabad district administration generated 5 billion and 222 crores in revenue, and provinces collected over 18 billion in the form of markup.
This increase in non-tax revenue represents a positive development for the government's fiscal situation.