Petroleum Development Levy: NHA to get Rs100bn for 3 Balochistan highway projects ISLAMABAD: The National Highways Authority (NHA) will get funding of Rs 100 billion from petroleum development levy... Updated 17 Jul, 2025 09:30am
Business & Finance OCAC seeks SIFC intervention over petroleum levy on furnace oil The Oil Companies Advisory Council (OCAC) has sought intervention from the Special Investment Facilitation Council... Published 02 Jul, 2025 06:31pm
Print FBR seeks 18pc tax-to-GDP ratio by 2027-28 ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial Tuesday said that to achieve a national... Updated 02 Jul, 2025 11:20am
Markets Energy ministry seeks cabinet nod for fuel levies in line with IMF commitments The Ministry of Energy (Petroleum Division) has proposed amendments to the Petroleum Products (Petroleum Levy)... Published 13 Jun, 2025 04:26pm
Markets Budget FY2025-26: Pakistan govt proposes ‘Carbon Levy’ on petrol, diesel Pakistan government imposed a new tax on the sale of petrol, diesel and furnace oil namely “Carbon Levy” at Rs2.5... Updated 11 Jun, 2025 02:46am
Markets IMF sees Rs215bn PDL shortfall in FY25 ISLAMABAD: The IMF has projected a shortfall of Rs 215 billion in petroleum development levy (PDL) on petroleum... Published 19 May, 2025 06:15am
BR Research OMCs – Fueling fragile recovery With total petroleum sales climbing by 4 percent year-on-year to 11.77 million tons, Pakistan’s oil marketing sector... Published 08 Apr, 2025 08:59am
Print March OMC sales up 5pc on price cuts MoM KARACHI: Pakistan’s Oil Marketing Companies (OMCs) recorded sales of 1.2 million tons in March 2025, up 5 percent... Updated 08 Apr, 2025 08:55am
Markets Govt urged to reduce oil prices in line with global trends KARACHI: Zubair Tufail, President of the United Business Group (UBG), has urged the government to significantly... Published 06 Apr, 2025 05:44am
BR Research Petroleum sales roundup Pakistan’s Oil Marketing Companies (OMCs) recorded a 4 percent year-on-year growth in total volumes for the first... Published 16 Jan, 2025 07:34am
Markets POL products: Dec sales up 3pc to 1.28m tons YoY KARACHI: The sales of petroleum products in the country increased by 3.0 percent on year-on-year basis to 1.28... Published 03 Jan, 2025 05:54am
BR Research Petroleum sales see a respite Petroleum consumption in the country was seen growing in September-2024 as the OMCs reported robust sales in... Updated 04 Oct, 2024 11:13am
Markets Govt’s petroleum development levy target for FY24 likely to be surpassed: JS Global The government will likely surpass its Petroleum Development Levy (PDL) collection target for the current fiscal... Updated 03 Apr, 2024 10:11pm
Markets Govt may raise PDL on diesel to Rs60 as declining sales dent target: JS Global The government in its bid to achieve revenue targets assigned by the International Monetary Fund (IMF) may increase... Updated 06 Oct, 2023 11:43pm
Business & Finance PDL data collection: FBR prescribes new GST invoice for petroleum dealers ISLAMABAD: The Federal Board of Revenue (FBR) has prescribed a new sales tax invoice for petroleum dealers for the... Published 06 Sep, 2023 03:37am
Pakistan NFC award major reason behind govt’s inability to go after untaxed sectors: economist Dr Ashfaque Hassan Khan says Islamabad loses incentive to tax undocumented economy as it loses big chunk of additional revenue Published 04 Sep, 2023 05:26pm
Markets Petroleum levy at Rs60/litre: component-wise breakdown of petrol price in Pakistan Price has increased 21% since August 1, 2023 Published 02 Sep, 2023 05:06pm
Markets Govt projects to generate additional PDL by Rs79bn ISLAMABAD: The federal government has projected to generate additional petroleum development levy (PDL) by Rs79... Published 19 Jul, 2023 03:21am
Print Review delay throws IMF’s EFF off the track? KARACHI: The IMF’s Extended Fund Facility (EFF) has once again fallen off track amid delays in completion of the 9th... Updated 23 Dec, 2022 08:41am
Business & Finance Former finance minister suggests rescheduling of external debt KARACHI: Pakistan Tehreek-e-Insaf (PTI) economic team has suggested immediate rescheduling of entire external debt... Updated 04 Dec, 2022 12:45pm
Pakistan Efforts underway to improve availability of alternative fuels: minister KARACHI: Dr Musaddik Malik, Federal Minister for Petroleum has said that LPG is the unregulated sector and the... Published 30 Oct, 2022 03:57am
Print Miftah terms govt’s PDL move ‘reckless’ KARACHI: Former finance minister Miftah Ismail on Sunday termed the government’s decision not to increase the... Updated 04 Oct, 2022 09:48am
Print EFF entails high fiscal risks: IMF ISLAMABAD: The Extended Fund Facility (EFF) programme entails high fiscal risks due to the government’s ability to... Updated 03 Sep, 2022 09:40am
Business & Finance PL on petrol hiked Rs7.50 more than pledge to IMF ISLAMABAD: The government had pledged to the International Monetary Fund (IMF) to increase petroleum levy on petrol... Updated 03 Sep, 2022 12:21pm
Editorials IMF augments the EFF EDITORIAL: The Resident Representative of the International Monetary Fund (IMF) in Islamabad informed Business... Published 19 Aug, 2022 05:57am
Print Market sentiment characterised by relative calm KARACHI: Some sense of calm prevailed through the markets during the previous week, with the rupee registering a... Updated 08 Aug, 2022 10:24am
Pakistan Finance Bill 2022: amendment to increase petroleum levy adopted National Assembly also green lights super tax, rescinds relief granted to salaried class Updated 29 Jun, 2022 06:28pm
Print Supplementary LoI submitted to IMF: PL on gasoline, diesel raised as prior action for 6th review ISLAMABAD: The government has raised the Petroleum Development Levy on gasoline and diesel by Rs 12/liter, as prior... Updated 06 Feb, 2022 09:13am
Opinion Bailout programme in the bag? Excuse the stock market for not saluting the staff-level agreement with the IMF (International Monetary Fund),... Published 24 Nov, 2021 05:18am
Print SBP hikes rate by 150bps to 8.75pc on inflation, BoP Karachi: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) Friday announced increase in key... Updated 20 Nov, 2021 11:05am