Pakistan Revenue
Karachi, March 16, 2024 – Pakistan’s import of petroleum products has seen a significant decline in the first eight months (July-February) of the current fiscal year 2023-24, according to data released by the Pakistan Bureau of Statistics (PBS).
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Karachi, January 2, 2024 – Pakistan has reported a significant 15% decline in petroleum sales during the first half (July – December) of the fiscal year 2023-24.
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Karachi, December 26, 2023 – The Federal Board of Revenue (FBR) has granted permission for tax-free sharing of petroleum products among Oil Marketing Companies (OMCs).
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Karachi, December 2, 2023 – The Federal Board of Revenue (FBR) has successfully garnered Rs 722 billion through customs duty and sales tax on the import and supply of petroleum products during the fiscal year 2022-2023.
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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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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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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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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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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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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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