Islamabad, May 12, 2025 – In a significant move aimed at safeguarding consumers from excessive taxation, the Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to constitute a joint committee to re-evaluate the entire regime of electricity duty and taxes calculated thereon.
Islamabad, May 10, 2025 – The federal government has reported a substantial increase in revenue collected from the petroleum levy, reaching a total of Rs834 billion during the first nine months (July–March) of the current fiscal year, according to official data released by the Ministry of Finance.
Karachi, May 5, 2025 – Pakistan’s petroleum sector experienced a notable rebound in April 2025, with sales of petroleum products by Oil Marketing Companies (OMCs) reaching 1.46 million tons, marking a sharp 32% increase year-on-year (YoY) and a 20% rise month-on-month (MoM).
Islamabad: The federal government is set to generate an additional Rs90 billion in revenue during the final three and a half months of the current fiscal year by significantly raising the petroleum levy on key fuel products.
ISLAMABAD – April 30, 2025: The federal government has announced a reduction in petrol and diesel prices by Rs2 per liter, effective from May 1, 2025.
ISLAMABAD – April 30, 2025: Despite plans for temporary relief in electricity bills, Pakistani consumers may face a hike in electricity tariff during the upcoming summer months, government officials revealed during a public hearing convened by the National Electric Power Regulatory Authority (Nepra).
KARACHI, April 29, 2025 — Pakistan State Oil (PSO), the nation’s largest oil marketing company, recorded a consolidated net profit of Rs10.67 billion during the nine months ending March 31, 2025 (9MFY25), reflecting a steep 42% drop from Rs18.51 billion reported in the same period last fiscal year, according to its latest unaudited financial statements.
Karachi, April 25, 2025 – In a major step toward sustainable transportation and energy innovation, Attock Petroleum Limited (APL) has officially partnered with Hubco Green (Private) Limited, a subsidiary of Hub Power Holding Limited (HGL), to develop and promote electric vehicle (EV) charging infrastructure across Pakistan.
Karachi, April 23, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has issued an urgent call to action for the fast-tracked adoption of solar energy within Pakistan’s industrial sector.
Islamabad – April 16, 2025: Citizens are disappointed because despite a sharp decline in global oil prices, the government of Pakistan has chosen to raise the petroleum levy and keep domestic fuel prices unchanged for the second half of April — a move that has drawn strong criticism from citizens across the country.