Karachi, November 16, 2023 –The citizens in Pakistan are set to continue enjoying a sales tax holiday on the purchase of petroleum products throughout the second half of November 2023 in a move of the government aimed at providing relief to the masses amidst a global economic downturn.
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Pakistan’s Import of Petroleum Products Drops by 36.55% During First Quarter
Karachi, October 18, 2023: Pakistan’s import of petroleum products dropped by 36.55 percent during the first quarter (July-September) of fiscal year 2023-24.
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Prices of Petroleum Products in Pakistan on September 19, 2023
On September 19, 2023, Islamabad, Pakistan unveiled a meticulously calculated pricing regime for petroleum commodities, slated for enforcement throughout the remainder of this month.
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Pakistan’s Import of Petroleum Products Plunges by 41% in Two Months of FY24
Karachi, September 17, 2023 – Pakistan’s import of petroleum products has seen a substantial decline of 41 percent during the first two months of the fiscal year 2023-24, according to official statistics released by the Pakistan Bureau of Statistics (PBS).
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Pakistan Introduces Rules for Petroleum Product Import on Foreign Suppliers’ Account
Islamabad, September 11, 2023 – Pakistan has formally established regulations governing the import of petroleum products under the account of foreign suppliers. The Ministry of Commerce has promulgated a Statutory Regulatory Order (SRO) to this effect.
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Petroleum Sales Witness 8% Decline in August 2023
Karachi, September 2, 2023 – Pakistan’s total petroleum sales for August 2023 reached 1.41 million tons, marking an 8 percent year-on-year (YoY) decline.
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Pakistan’s Import Bill for Petroleum Products Sees Sharp 37% Drop in FY23
Islamabad, July 20, 2023 – Pakistan’s import bill for petroleum products witnessed a significant decline of 37 percent during the fiscal year 2022-23, as per official statistics released by the Pakistan Bureau of Statistics (PBS).
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Influx of Smuggled Petroleum Products Causes Significant Drop in Petrol Pump Sales
Karachi, July 12, 2023 – The Pakistan Petroleum Dealers Association (PPDA) has raised concerns over the detrimental effects of an influx of smuggled petroleum products on the sales of petrol pumps across the country.
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Pakistan Slashes Petroleum Subsidy by 47% for FY24, Impacting Business and Industry
Islamabad, June 18, 2023: Pakistan has taken significant measures to reduce its petroleum subsidy by 47 percent for the upcoming fiscal year 2023-24, according to official budget documents released recently.
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Pakistan’s Petroleum Import Bill Plunges by 22%
Islamabad, June 16, 2023 – The import bill for Pakistan’s petroleum group has experienced a significant decline of 22% due to falling international oil prices and reduced domestic demand.
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