The Federal Board of Revenue has collected more than Rs 10 billion from citizens on cash withdrawals in the current fiscal year so far.
According to the sources, the amount has been collected in advance tax from the customers whose banks have central offices in Karachi.
The FBR has imposed an advance tax of 0.6 percent on cash withdrawals from banks. The amount is deducted at 0.6 percent rate on transactions above Rs 50,000 in a single day.
