The federal government has collected more than Rs2.7 trillion in petroleum levy from citizens over the past two years, according to official documents, with the amount reportedly exceeding the combined value of Pakistan’s two ongoing International Monetary Fund (IMF) loan programmes. Read More: IMF seeks higher petroleum levy target Documents revealed that from April 2024 to March 2026, […]
government revenue
Petroleum levy collections cross Rs1.2 trillion in nine months
Documents presented in the National Assembly revealed that the government collected more than Rs1.2 trillion from consumers through petroleum levy during the first nine months of the current fiscal year. The figures highlighted the growing financial burden on fuel consumers as authorities continued relying heavily on petroleum-related charges to support revenue collection and manage fiscal […]
Aurangzeb urges provinces to boost revenue for sustainable growth
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Sunday cautioned against a “gold rush” approach to economic growth, stressing that Pakistan must prioritise sustainable, long-term reforms. He emphasised that both the federation and provinces must enhance their revenue contributions ahead of the crucial National Finance Commission (NFC) meeting on December 4. Read More: PM approves digital ecosystem […]
Pakistan collects Rs110bn extra in petroleum levy in Q1
ISLAMABAD – Pakistan’s government collected an additional Rs110 billion in petroleum levy during the July–September quarter, according to official documents from the Ministry of Finance. The total collection under the petroleum levy reached Rs371 billion, up from Rs261 billion during the same period last year, marking a 42.12% year-on-year increase. The report shows that the […]