ISLAMABAD: Prime Minister Imran Khan on Monday announced reduction in prices of petroleum products and electricity tariff and further announced to freeze the reduced rates till upcoming federal budget. The Prime Minister provided the relief by slashing prices of petroleum and electricity to provide massive relief to the people. In his address to the nation […]
ISLAMABAD: The Directorate of Customs Intelligence and Investigation, Multan has announced the auction of a huge quantity of confiscated POL (petroleum) products on December 07, 2021. The directorate invited sealed quotations/bids along with 25 per cent earnest money in the form of pay order or bank demand in favor of collector of customs from the […]
ISLAMABAD: The government has increased the prices of kerosene oil and Light Diesel Oil (LDO) for next fortnight effective from August 16, 2021. The prices of kerosene oil have been increased by Rs0.81 per liter, from Rs87.49 to Rs 88.30. Likewise, the prices of Light Diesel Oil (LDO) have been increased by Rs1.10 per liter […]
ISLAMABAD: Federal Board of Revenue (FBR) on Monday reduced the sales tax rate to 10.77 per cent on supply of petrol. The tax authority reduced the sales tax rate from 16.40 per cent. The FBR issued SRO 937 (I)/2021 to notify the reduction in sales tax rate on petrol. The federal government on July 15, […]
ISLAMABAD: The Federal Board of Revenue (FBR) has drafted rules for bonded warehousing and export POL Products. The FBR issued SRO 872(I)/2021 on Friday and proposed amendments to Customs Rules, 2001. The FBR invited recommendations on the draft rules from stakeholders before finalizing the rules to make part of the law. Following new rule 363A […]
ISLAMABAD: Federal Board of Revenue (FBR) has reduced the rates of sales tax on domestic supply of petroleum products. The sales tax rates have been reduced in order to maintain the retail prices for end consumers applicable from the first fortnight of May 2021. The FBR issued SRO 551(I)/2021 dated May 09, 2021 to amend […]
KARACHI: The sales of petroleum products have climbed up by 44 percent year on year (YoY) in March 2021 due to low base of March 2020 as the government last year enforced lockdown that resulted in slowdown in sales volume. Analysts at Arif Habib Limited said that total petroleum and lubricant sales clocked-in at 1.49 […]
ISLAMABAD: The government has decided to keep the prices of petrol and high speed diesel (HSD) unchanged for next fortnight, a statement said on Monday. It said that the government has been absorbing the upward price fluctuation in international market in order to provide maximum relief to the end consumers. Despite very limited fiscal space, […]
ISLAMABAD: The government on Sunday decided to keep prices of petroleum products unchanged during first fortnight of March 2021. This is the second fortnight in a row when the government decided to keep the POL prices unchanged. The prices as of February 01, 2021 remain effective for the first fortnight of March 2021. The government […]
ISLAMABAD: Federal Board of Revenue (FBR) has launched massive crackdown against illegal petrol pumps from Monday (January 11, 2021) on the directives of Prime Minister Imran Khan. Prime Minister Imran Khan in a recent meeting directed the FBR and relevant authorities to initiate harsh action illegal petrol pumps selling smuggled petroleum products. The FBR in […]