NA approves levy on petroleum products up to Rs50/liter

ISLAMABAD: National Assembly (NA) has approved a levy of Rs50 per liter on each petroleum product. The assembly allowed the government to include the levy in the prices of petroleum products up to Rs50 per liter of each product. READ MORE: All tax proposals of IT sector accepted: FBR The National Assembly passed the Finance […]

by Mrs. Anjum Shahnawaz

Petroleum levy to generate Rs750 billion

ISLAMABAD: The government has estimated a collection of Rs750 billion as petroleum levy during next fiscal year 2022/2023. It is worth mentioning that the previous PTI government had not imposed a petroleum levy in order to provide petroleum products at cheaper rates. READ MORE: FBR assigned tax collection target of Rs7 trillion in 2022/2023 However, […]

by Mrs. Anjum Shahnawaz

Petroleum levy collection registers 100 percent increase

ISLAMABAD: The collection of petroleum levy has registered almost 100 percent increase during the first half of the current fiscal year, according to official statistics made available on Saturday. The collection of petroleum levy increased to Rs275 billion during July – December of the current fiscal year as compared with Rs138 billion in the corresponding […]

by Mrs. Anjum Shahnawaz