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Federal Government’s Non-Tax Revenue Soars by Rs. 1,623 Billion

The federal government’s non-tax revenue experienced a remarkable surge of Rs. 1,623 billion in the first half of the current fiscal year, according to official figures. From July to December, non-tax revenue rose to Rs. 3,602 billion, compared to Rs. 1,979 billion during the same period last year.

A significant portion of this increase came from the petroleum levy, which contributed an additional Rs. 76.64 billion. The total revenue from the petroleum levy reached Rs. 549 billion, up from Rs. 472.77 billion in the previous year.

The State Bank of Pakistan (SBP) made a noteworthy contribution, reporting a profit of Rs. 2,500 billion between July and December, marking a substantial increase from Rs. 972 billion during the same period last year.

Revenue from passport fees also saw a notable rise, with collections increasing by Rs. 13.81 billion, reaching a total of Rs. 39.54 billion compared to Rs. 25.73 billion in the previous year. Additionally, revenue from the gas development surcharge climbed to Rs. 27.34 billion, significantly higher than the Rs. 4.5 billion collected last year.

The government received Rs. 131.52 billion in interest payments from provinces and state-owned enterprises (SOEs), although this was lower than the Rs. 241 billion collected during the same period last year. Revenue from profit distribution increased to Rs. 97.47 billion, compared to Rs. 88.74 billion last year.

Furthermore, regulatory authorities, including the Pakistan Telecommunication Authority (PTA), generated Rs. 28.81 billion, a decline from Rs. 50.46 billion in the previous year. Additional revenue was collected through royalties on oil and gas, windfall levies, and LPG levies.

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