Petroleum Division and Ogra Urged to Resolve Grid Levy and RLNG Charges Issues for Textile Sector
The Ministry of Finance has directed the Petroleum Division and Ogra to resolve issues regarding the grid transition levy and retrospective RLNG charges for the textile sector. Business representatives argue that these charges are causing severe financial strain, urging reclassification of high-efficiency plants and updates on RLNG actualization.
Finance Division to Lead Pakistan’s Next Budget as FBR Steps Back from Tax Policy
Finance Minister Muhammad Aurangzeb announced that the Finance Division, not the FBR, will present Pakistan’s next federal budget. He also outlined reforms in tariff reduction, industrial policy, and capital market development, emphasizing long-term competitiveness and sustainable growth.