Government increases Gas and Petroleum taxes
The government has increased the tax rate of natural gas and petroleum products with effect from 1st September. The government is about to request IMF for disbursement of $506 million tranche, therefore it had to increase the tax rates in order to fulfill IMF’s demand before it can request... Read more
Petrol Prices Further Reduced by Rs. 9.66
Following the recommendation by Oil and Gas Regulatory Authority (OGRA), the government has announced a reduction in POL prices with effect from 1st December. This is the second decrease in this month of petroleum products prices. This announcement was made by Prime Minister Nawaz Sharif, on Saturday during the public meeting... Read more