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Sales tax on POL products reduced to avoid price hike

KARACHI: The caretaker government on Tuesday absorbed hike in prices of petroleum products through lowering the sales tax rates. The caretaker government decided to keep...

Petrol price reduced to Rs95.24/liter

ISLAMABAD: The government on Saturday reduced the petrol price to Rs95.24 per liter from Rs99.50 per liter after the intervention of the Supreme Court...

FBR reduces sales tax on POL products on Supreme Court directives

ISLAMABAD: Federal Board of Revenue (FBR) on Saturday reduced sales tax on petroleum products on directives of Supreme Court of Pakistan for providing relief...

FPCCI rejects hike in prices of POL products

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly rejected the hike in prices of petroleum products and it urged the...

POL prices increased; petrol rate increased to Rs91.96/liter

ISLAMABAD: The caretaker government on Monday announced hike in petroleum prices effective from June 12, 2018. The price of petrol has been increased by...

POL prices remain unchanged till June 07: Miftah

ISLAMABAD: The government on Thursday decided to keep the petroleum prices unchanged till June 07, leaving the decision of changing the prices on incoming...

Sales tax on POL products sharply reduced; FBR to face collection...

ISLAMABAD: Federal Board of Revenue (FBR) will face huge setback in collection as the government massively reduced sales tax rates on petroleum products in...

Petroleum products import increases by 30.35pc to $11.44 billion during July...

ISLAMABAD: The imports of petroleum products increased by 30.35 percent during July – April 2017/2018 owing to rising international oil prices. According to Pakistan Bureau...

Finance minister rejects criticism on POL price hike

ISLAMABAD: Finance Minister Dr. Miftah Ismail on Tuesday rejected criticism of Pakistan Peoples Party (PPP) on recent hike in petroleum prices. In a statement, the...

Hike in POL prices absorbed through reduction in sales tax rates

ISLAMABAD: The government has absorbed hike in prices of petroleum products through reduction in sales tax and passed half of the increase to end...

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