Federal Government Slashes Local Fuel Prices for Start of Financial Year Following Global Market Shifts
The Ministry of Energy has implemented a modest price reduction for petroleum products to inaugurate the new fiscal cycle despite simultaneous taxation adjustments.
Pakistan Petroleum Levy Collections Exceed Rs1.2 Trillion in Nine Months of FY26
Federal government data reveals a heavy reliance on fuel taxes, with petroleum levy collections hitting Rs1.205 trillion as the state targets IMF-linked fiscal goals.
FBR Appointed as Collection Agent for Petroleum Development and Climate Support Levies
The Federal Board of Revenue initiates new Sales Tax Rules to manage Petroleum Development Levy and Climate Support Levy collection via a standardized invoice system.