Customs achieves Rs467bn revenue in June Published 02 Jul, 2026 06:59am ISLAMABAD: Pakistan Customs has demonstrated exceptional performance in revenue collection for the month of June...
PRAC welcomes targeted relief measures Published 16 Jun, 2026 04:12am KARACHI: The Policy Research and Advisory Council (PRAC) has acknowledged several progressive measures in the...
Pakistan projected to post 21-year low budget deficit in outgoing FY26 Updated 02 Jun, 2026 11:11pm Budget deficit expected at 3.6% of GDP in FY26, against 5.4% of GDP in FY25
War raises risks to macroeconomic outlook, warns SBP Updated 13 May, 2026 09:27am KARACHI: The war in the Middle East has intensified risks to Pakistan’s macroeconomic outlook, triggering fresh...
FBR to collect CSL, PDL as ministry’s agent Updated 06 May, 2026 08:53am ISLAMABAD: The Federal Board of Revenue (FBR) will work as an agent to collect Climate Support Levy (CSL) and...
Apr sale of OMCs drops 6pc MoM Updated 05 May, 2026 09:05am ISLAMABAD: The overall sale of petroleum products fell in April 2026 following an exorbitant hike in prices due to...
FPCCI welcomes reduction in HSD price Published 12 Apr, 2026 05:10am KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...
‘Much-needed breather’, FPCCI welcomes reduction in petrol, diesel rates Updated 11 Apr, 2026 05:52pm President says reduction in petrol prices will provide supplementary relief across the supply chain
FPCCI dismayed over unprecedented increase in POL prices Published 04 Apr, 2026 06:16am KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has...
PD seeks 23pc cut in power sector allocation Updated 08 Nov, 2025 09:06am ISLAMABAD: The Power Division has informed the Prime Minister’s Office that the power sector allocation for the...
Oil sales ignite in FY25 Published 03 Jul, 2025 02:51am Pakistan’s oil marketing companies (OMCs) posted a notable recovery in petroleum sales in FY25, signalling gradual...
FBR seeks 18pc tax-to-GDP ratio by 2027-28 Updated 02 Jul, 2025 11:20am ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial Tuesday said that to achieve a national...
No increase in PDL: Consumers to bear brunt of global oil price hike Updated 17 Jun, 2025 09:40am ISLAMABAD: The government will not increase the petroleum development levy (PDL), but pass on the impact of increase...
Rs77 per litre PL on furnace oil likely Updated 14 Jun, 2025 09:30am ISLAMABAD: The government is set to impose Petroleum Levy (PL) of Rs 77 per litre (Rs 82,077 per metric ton) on...
Aurangzeb tells Senate body: Govt eyes $2bn loan to boost reserves Updated 13 Jun, 2025 09:25am ISLAMABAD: Amid expectation of borrowing $2 billion from commercial banks to shore up reserves to $14 billion by the...
Power tariff hike: govt reaches ‘understanding’ with IMF Updated 07 Jun, 2025 02:40pm Both sides agree that any additional financial needs will be met through tariff adjustments, sources say
Energy reforms: Familiar tools, new promises Updated 21 May, 2025 07:49am The IMF’s First Review under the SBA and approval of Pakistan’s Climate Resilient Sustainability Facility (RSF)...
IMF sees Rs215bn PDL shortfall in FY25 Published 19 May, 2025 06:15am ISLAMABAD: The IMF has projected a shortfall of Rs 215 billion in petroleum development levy (PDL) on petroleum...
Oil and gas sector tax proposals for Federal Budget 2025-26 Updated 15 May, 2025 08:00am The upcoming Federal Budget 2025-26 of the country is arriving in a scenario when world is reeling from the shocks ...
April’s fuel surge Published 06 May, 2025 03:19am Petroleum sales experienced a notable surge in April 2025, marking a 13-month high for the oil marketing sector....
Discos and KE: Nepra approves Rs1.71 tariff cut on PD’s motion Updated 11 Apr, 2025 09:36am ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved reduction of electricity tariff by...
OMCs – Fueling fragile recovery Published 08 Apr, 2025 08:59am With total petroleum sales climbing by 4 percent year-on-year to 11.77 million tons, Pakistan’s oil marketing sector...
Ongoing global oil price decline to benefit Pakistan: brokerage house Updated 05 Sep, 2024 10:32pm The ongoing decline in global oil price “benefits Pakistan” and will help its trade balance and inflation figures,...
Jul-Aug oil sales decline 12pc to 2.4m tons YoY Published 04 Sep, 2024 06:38am KARACHI: Pakistan’s Oil Marketing Companies (OMCs) sales decreased by 14 percent on year-on-year basis to 1.21...
High octane: Senate body recommends hike in PL to Rs100/litre Published 15 Jun, 2024 06:57am ISLAMABAD: The Senate Standing Committee on Finance and Revenue has recommended increasing petroleum levy on high...
Govt’s petroleum development levy target for FY24 likely to be surpassed: JS Global Updated 03 Apr, 2024 10:11pm The government will likely surpass its Petroleum Development Levy (PDL) collection target for the current fiscal...
Govt may raise PDL on diesel to Rs60 as declining sales dent target: JS Global Updated 06 Oct, 2023 11:43pm The government in its bid to achieve revenue targets assigned by the International Monetary Fund (IMF) may increase...
PDL data collection: FBR prescribes new GST invoice for petroleum dealers Published 06 Sep, 2023 03:37am ISLAMABAD: The Federal Board of Revenue (FBR) has prescribed a new sales tax invoice for petroleum dealers for the...
NFC award major reason behind govt’s inability to go after untaxed sectors: economist Published 04 Sep, 2023 05:26pm Dr Ashfaque Hassan Khan says Islamabad loses incentive to tax undocumented economy as it loses big chunk of additional revenue
Petroleum levy at Rs60/litre: component-wise breakdown of petrol price in Pakistan Published 02 Sep, 2023 05:06pm Price has increased 21% since August 1, 2023