Editing Karachi (section)

===Revenue collection===

[[File:Old building of State Bank of Pakistan, Now its known as State Bank Museum.jpg|thumb|The former State Bank of Pakistan building was built during the colonial era.]]

As home to Pakistan's largest ports and a large portion of its manufacturing base, Karachi contributes a large share of Pakistan's collected tax revenue. As most of Pakistan's large multinational corporations are based in Karachi, income taxes are paid in the city even though income may be generated from other parts of the country.<ref>{{cite news |last1=Janjua |title=Karachi contributing 70% of federal tax revenue – a myth |url=http://www.brecorder.com/articles-a-letters/187:articles/1185461:karachi-contributing-70-of-federal-tax-revenue-a-myth/ |access-date=2 November 2016 |work=Business Recorder |date=13 October 2015 |archive-date=4 November 2016 |archive-url=https://web.archive.org/web/20161104033351/http://www.brecorder.com/articles-a-letters/187:articles/1185461:karachi-contributing-70-of-federal-tax-revenue-a-myth/ |url-status=dead}}</ref> As home to the country's two largest ports, Pakistani customs officials collect the bulk of federal duty and tariffs at Karachi's ports, even if those imports are destined for one of Pakistan's other provinces.<ref>{{cite news |title=The importance of Karachi |url=http://tribune.com.pk/story/971188/the-importance-of-karachi/ |access-date=2 November 2016 |work=The Express Tribune |date=12 October 2015 |archive-date=13 November 2016 |archive-url=https://web.archive.org/web/20161113105825/http://tribune.com.pk/story/971188/the-importance-of-karachi/ |url-status=live }}</ref> Approximately 25% of Pakistan's national revenue is ''generated'' in Karachi.<ref name="adb" />

According to the [[Federal Board of Revenue]]'s 2006–2007 year book, tax and customs units in Karachi were responsible for 46.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax.<ref name="fbr0607">{{cite web |url=http://www.cbr.gov.pk/YearBook/2006-2007/FBRyearbook2006-2007.pdf |title=Federal Board of Revenue Year Book 2006–2007 |access-date=12 April 2009 |url-status=dead |archive-url=https://web.archive.org/web/20100925013600/http://www.cbr.gov.pk/YearBook/2006-2007/FBRyearbook2006-2007.pdf |archive-date=25 September 2010}}</ref> Karachi accounts for 75.14% of customs duty and 79% of sales tax on imports,<ref name="fbr0607" /> and collects 53.38% of the total collections of the Federal Board of Revenue, of which 53.33% are customs duty and sales tax on imports.<ref name="fbr0607" /><ref>note: Revenue collected from Karachi includes revenue from some other areas since the Large Tax Unit (LTU) Karachi and Regional Tax Offices (RTOs) Karachi, Hyderabad, Sukkur & Quetta cover the entire province of Sindh and Balochistan {{Dead link|date=January 2022}}</ref>