CM’s aide slams federal govt for raising petroleum levy

CM’s aide slams federal govt for raising petroleum levy

Advisor to the KP Chief Minister on Finance and Interprovincial Coordination Muzzammil Aslam seen in this image. — Screengrab via Facebook@PTIUKOfficial/FilePESHAWAR: Adviser to Chief Minister on Finance and Inter-Provincial Coordination Muzzammil Aslam on Wednesday criticized the federal...

Petroleum levy hike to 'generate' Rs17bln additional revenue by June

ISLAMABAD: The Pakistan government is expected to generate Rs17 billion in additional revenue by June 30 following a fresh hike in the petroleum levy, ARY News reported on Thursday, citing sources.  The increase comes as part of the government’s commitment to the International Monetary Fund (IMF), with the petroleum levy raised across multiple fuel categories, resulting in an estimated monthly gain of Rs7 billion for the treasury. As per the rev…

Miftah Ismail Slams Govt Over Petroleum Levy, Labels It 'Mini-Budget'

KARACHI — Former finance minister Miftah Ismail has sharply criticised the federal government’s decision to raise the petroleum development levy (PDL) to Rs80 per litre, accusing it of imposing a “mini-budget” that burdens citizens while ignoring declining global oil prices.​ In a post on X (formerly Twitter), Ismail revealed that the government increased the PDL by Rs10 per litre in both March and April, totalling Rs80 per litre. He estimated t…