The government is considering a major change to Pakistan’s petroleum taxation policy by gradually reducing the Petroleum Levy to between Rs. 5 and Rs. 10 per liter while exploring alternative sources to replace the revenue generated through the levy. According to a report by Business Recorder, the proposal aims to compensate for an estimated Rs. […]
Government Abolishes FED on Business Class International Air Tickets
In a significant move for international travelers and the aviation industry, the federal government has decided to remove the Federal Excise Duty (FED) on business class international airline tickets. The decision is expected to lower travel expenses for passengers while providing support to Pakistan’s aviation sector. Officials stated that the withdrawal of FED is part […]