Government Rules Out Immediate Petroleum Levy Cut, Considers Gradual Reduction in Next Budget
Planning Minister Ahsan Iqbal has ruled out an immediate reduction in Pakistan’s petroleum levy, saying the government may consider lowering the charges gradually in the next federal budget. His statement comes amid pressure from Jamaat-e-Islami (JI) to reduce taxes on petroleum products as international oil prices remain elevated. Iqbal said a committee had been formed…