Pakistan Revenue
Karachi, February 9, 2025 – The collection of petroleum levy has witnessed a substantial increase, reaching Rs 549 billion during the first half (July – December) of the current fiscal year, according to data released by the Ministry of Finance.
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Islamabad, January 31, 2025 – The government of Pakistan has announced an increase in the prices of petrol and high-speed diesel (HSD) for the first half of February 2025.
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Karachi, November 20, 2024 – Pakistan imported petroleum products worth $5.11 billion during the first four months (July–October) of the current fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS).
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Karachi, November 2, 2024 – Pakistan’s petroleum sales experienced a robust 18% Year-on-Year (YoY) increase in October 2024, totaling 1.49 million tons—the highest monthly sales figure since November 2022, according to a report from analysts at Arif Habib Limited.
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Islamabad, September 21, 2024 – Pakistan’s leading oil and gas companies are actively participating in the 8th Silk Route Expo in Xian, China, exploring significant investment opportunities with Chinese firms. This participation highlights Pakistan’s intent to strengthen energy sector collaborations and finalize joint ventures with China in critical areas such as oil and gas exploration, […]
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Karachi, September 14, 2024 – The Oil Marketing Association of Pakistan, under the leadership of Senior Vice Chairman Tariq Mehmood, met with Federal Minister for Commerce Jam Kamal Khan on Saturday to discuss the expansion and development of the fuel oil industry in Balochistan.
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Karachi, August 2, 2024 – High petroleum prices have significantly impacted the oil sector, reducing sales by 11% year-on-year (YoY) in July 2024, according to research analysts at Arif Habib Limited. Total petroleum sales for the month stood at 1.20 million tons, reflecting the challenging market conditions.
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Karachi, July 12, 2024 – The Oil Companies Advisory Council (OCAC) has thrown a wrench into the government’s recent tax plan, urging the removal of the sales tax exemption on petroleum products.
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Islamabad, July 5, 2024: In a move to mitigate disruptions caused by a planned strike by the Pakistan Petroleum Dealer’s Association (PPDA), the Petroleum Division has taken steps to ensure an uninterrupted fuel supply across the country.
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PkRevenue.com — In a significant fiscal move aimed at alleviating inflationary pressures on its citizens, Pakistan has granted a sales tax exemption totaling Rs 1.4 trillion on petroleum products for the fiscal year 2023-24, as revealed by official documents on Wednesday.
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