Pakistan and the International Monetary Fund continued budget negotiations as both sides discussed key economic targets for the next fiscal year. Meanwhile, the IMF recommended an 18 percent increase in the petroleum levy target to boost government revenue. Currently, the levy on petrol stands at 108 rupees and 17 paisas per litre. Moreover, the IMF […]
petroleum levy increase
Fuel prices surge after levy hike
Pakistan has sharply increased fuel-related taxes and margins, pushing petroleum prices higher and adding pressure on consumers and businesses. The development is significant as it directly fuels inflation and raises transport and commodity costs nationwide. Households, transport operators, and industry players are expected to bear the impact of the latest revision. The government has raised […]