Fuel Levy-Funded N-25 Project to Be Launched on Aug 14

Fuel levy-funded N-25 project to be launched on Aug 14

ISLAMABAD: Prime Minister Shehbaz Sharif is expected to conduct on Aug 14 the groundbreaking of a major expressway linking Karachi to Quetta and Chaman, being financed through a special tax on petroleum products. The premier had increased petroleum levy on petroleum products by Rs8 per litre and announced that the funding would be used for building and upgrading the 815km road project, formerly known as RCD highway. The government has allocated …

Pakistan imposes climate support levy on petroleum products

Pakistan has imposed a climate support levy on petroleum products on the International Monetary Fund’s (IMF) demand, ARY News reported on Tuesday. As per details, with the commencement of the new fiscal year 2025-26, the federal government has enforced new taxes on petroleum products in line with the International Monetary Fund’s (IMF) climate financing conditions. A fresh “Climate Support Levy” of Rs2.50 per litre has been imposed on petrol, di…

IPPs warn govt: Furnace oil levies could raise generation costs

ISLAMABAD: Independent Power Producers (IPPs) have warned the government that proposed levies on furnace oil could...