Despite opposition protests, the National Assembly passed the federal budget 2025–26 with significant amendments, including stricter tax fraud penalties, a new carbon levy, and reforms in MP salaries and customs …
petroleum levy
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The federal government has increased the prices of petrol and high-speed diesel by Rs. 4.80 and Rs. 7.95 per liter respectively, effective June 16, 2025. This marks a significant revision …
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BusinessTop Trending News
IMF Demands Petroleum Levy From Pakistan, Next Round Of Budget Talks Likely in Two Days
by Hamza Irshadby Hamza IrshadReportedly, Pakistan and IMF have agreed in principle on imposing petroleum levy, but the rate is yet to be determined.
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AutoBusinessTop Trending News
Petrol Prices in Pakistan Won’t Go Down, Even If Global Oil Prices Plummet: Here’s Why…
by Hamza Irshadby Hamza IrshadPetrol Prices in Pakistan are unlikely to decline even if global prices plummet, because the domestic policy is aiming for something else.
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The federal government has decided to maintain current fuel prices despite international price drops, using the resulting savings to invest in infrastructure development, particularly in Balochistan, including dualizing the N-25 …
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ISLAMABAD, March 18: The federal government expects to generate additional revenue by increasing the petroleum levy (PL) on petrol and high-speed diesel (HSD) by Rs10 per litre, effective from March …
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Latest Updates
Petrol and Diesel Prices Expected to Drop Significantly on January 15
by Hamza Irshadby Hamza IrshadPetrol and Diesel Prices ISLAMABAD: In a promising turn of events, the citizens of Pakistan can anticipate a substantial reduction in petrol and diesel prices, estimated to be around Rs …
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With immediate effect beginning on October 16, 2022, the government has increased the Petroleum Levy (PL) on gasoline by Rs14.84 to Rs47.26 per litre while decreasing it on diesel, maintaining …
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EconomyLatest Updates
Govt set to enhance petroleum levy to meet IMF condition as board meeting is expected on 25th of August
by Umar Sohailby Umar SohailUnder the deal with the IMF, the government had already levied Rs10 per litre levy on petrol from July. It will be raised by another Rs10 on August 1 until …
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EconomyLatest Updates
petrol prices to Stay Same After tax rates Increased
by Umar Sohailby Umar SohailISLAMABAD: Despite decline in international prices, the government on Tuesday decided to keep the prices of all major petroleum products unchanged for the next 15 days by increasing tax rates …