Gilgit: The Gilgit-Baltistan Customs Collectorate reported a noteworthy milestone, having amassed a record-breaking revenue of PKR 5.525 billion from the Sost Dry Port in duties and other taxes on Chinese imports, as disclosed by a reliable news source on December 22.
Pursuant to the details, Customs Collector Mohammad Arshad Khan shared that the collectorate surpassed the previous year’s collection by an impressive PKR 2.287 billion, reflecting a substantial 71% increase. Notably, the revenue amassed in the first half of the current fiscal year exceeded the total revenue of PKR 5.126 billion collected throughout the entirety of the last fiscal year (FY23).
The month of November alone witnessed a historic collection of PKR 2.132 billion, showcasing significant growth compared to the PKR 340 million recorded in the same month of the previous year. The collectorate achieved an outstanding PKR 1.543 billion in customs duty, marking a remarkable surge of 257%, surpassing the set target of PKR 600 million.
Emphasising adherence to directives from the Federal Board of Revenue (FBR) Chairman, Arshad Khan highlighted the issuance of explicit instructions to the staff. The aim was to ensure utmost diligence and prevent any lapses that could lead to duty evasion, tax evasion, or smuggling. This strategic approach has played a pivotal role in the commendable achievement of the Gilgit-Baltistan Customs Collectorate.
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