Pakistan’s dairy industry has the potential to become a much larger contributor to the national economy if a significant portion of its informal market is brought into the formal sector. Pakistan Dairy Association Chairman Usman Zaheer Ahmed said the country could potentially generate nearly Rs. 500 billion in additional annual government revenue by formalizing and […]
Government Considers Petroleum Levy Cut as Pakistan Seeks Rs. 1.5 Trillion in New Revenue
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. […]