No sales tax on petroleum products, says Finance Minister
Finance Minister Muhammad Aurangzeb confirmed on Tuesday that the federal government will not impose a sales tax on petroleum products. Speaking informally with reporters, Aurangzeb also hinted at optimism regarding Pakistan’s agenda for the $7 billion IMF bailout, as the IMF Executive Board is set to meet at the end
Govt approves increase in levy on petroleum
WEB DESK: The government has decided to increase the levy on petroleum products by Rs. 10, according to details. In addition, the federal government has made this decision in the Finance Bill to generate an additional revenue of Rs. 1,281 billion. Read More: Mild Hybrid Suzuki Alto latest price, fuel mileage,
Finance ministry refutes news reports on petroleum levy hike
WEB DESK: Finance Ministry dismisses media reports of July 1st petroleum levy hike. The Ministry of Finance has categorically stated that recent media reports suggesting an increase in levy on petroleum from July 1, 2024, are baseless. Moreover, in an official statement, a spokesperson for the ministry clarified that there
Govt considers significant hike in petrol prices
WEB DESK: The government is considering increasing the petrol price by 7 rupees per liter. According to media reports, after four consecutive reductions, the government is now considering a price hike. If the petrol price increases by 7 rupees per liter, it will rise to 265.16 rupees. The government is
FY 24-25 budget expected on June 7
In response to IMF pressure, the Pakistan government is contemplating ending tax exemptions in the forthcoming FY budget.
