Finance Act, 2026: Govt withdraws proposed law for OMCs
Government drops Finance Bill proposals on petroleum levy enforcement, recovery mechanism and mandatory reporting for oil companies
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Tag: petroleum levy
Finance Bill 2026 Proposes Dedicated Recovery Mechanism for Unpaid Petroleum Levy
Government seeks stricter recovery measures for unpaid petroleum and climate support levies through tax authorities under Budget 2026-27.
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Pakistan hardens petroleum levy laws; grants FBR sweeping recovery powers against OMCs
Government introduces stringent petroleum levy laws for OMCs ISLAMABAD – The Pakistani government has introduced aggressive legislative amendments through the Finance Bill, 2026, targeting oil marketing companies (OMCs), refineries, and licensees with stringent compliance, penalty, and recovery mechanisms for the petroleum and climate support levies.
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Pakistan eyes record Rs1.676 trillion petroleum levy in FY2026-27 Budget
Government set to burden people with Rs1.676 trillion petroleum levy in FY2026-27
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Government collects Rs66 billion through petroleum levy after recent hike
Islamabad, November 27, 2025: The government has collected over Rs66 billion through the recent increase in the petroleum levy (PL), the Senate was informed on Thursday, amid questions on why fuel prices have not dropped despite a fall in global oil rates.
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Pakistan collects Rs10 billion in carbon levy for Q1FY26
Islamabad, November 10, 2025 – Pakistan’s federal government has generated over Rs10 billion in revenue under the newly introduced ‘carbon levy’ during the first quarter (July–September) of the fiscal year 2025-26, according to official data released by the Ministry of Finance.
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Petroleum Levy Continues to Squeeze Citizens Under Five-Year IMF-Backed Plan
Islamabad, November 7, 2025 — Pakistanis are bracing for yet another financial hit as the federal government plans a sharp increase in the petroleum levy over the next five years — a move designed to meet IMF-backed revenue targets but likely to further strain consumers already battling inflation.
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Govt. collects Rs1.22 trillion in petroleum levy for FY25
Islamabad, August 5, 2025 – The Ministry of Finance has announced that the federal government collected a record-breaking Rs1.22 trillion through the petroleum levy during the fiscal year 2024-25, marking a 20% increase compared to Rs1.02 trillion in the previous year.
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Pakistan Abolishes Carbon Levy
The Government of Pakistan has officially replaced the carbon levy with a newly introduced Climate Support Levy, effective from July 1, 2025.
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Pakistan enforces climate support levy from July 1, 2025
Islamabad, June 28, 2025 — In a major step toward sustainable fiscal and environmental reforms, the government of Pakistan has officially enforced the Climate Support Levy from July 1, 2025.
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