By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Democrat NewsThe Democrat NewsThe Democrat News
0

No products in the cart.

Notification Show More
Font ResizerAa
  • Energy
  • Sports
Reading: Pakistan Increases Oil Tax to Align with IMF Requirements
Share
Font ResizerAa
The Democrat NewsThe Democrat News
0
  • Energy
  • Sports
Search
  • Home
  • Categories
  • Customize Interests
  • My Bookmarks
  • Blog View
Have an existing account? Sign In
Follow US
The Democrat News > Blog > Uncategorized > Pakistan Increases Oil Tax to Align with IMF Requirements
Uncategorized

Pakistan Increases Oil Tax to Align with IMF Requirements

Esther Udoh
Last updated: March 17, 2025 12:00 pm
Esther Udoh
Published March 17, 2025
Share
SHARE

Pakistan raised the petroleum development levy by 10 rupees to 70 rupees per liter to meet IMF requirements ahead of its next loan installment. The move aims to offset declining tax revenue as the country progresses toward securing the second $1 billion tranche of its $7 billion loan deal.IMF mission chief Nathan Porter praised Pakistan’s strong program implementation after a visit to Islamabad and Karachi.

Pakistan will receive its next loan installment once a staff-level agreement is reached, with discussions continuing virtually. IMF funding has been vital in stabilizing Pakistan’s economy amid a dollar shortage.

To meet loan conditions, Prime Minister Shehbaz Sharif’s government has taken bold steps, including taxing agricultural income and attempting to sell a stake in Pakistan International Airlines.Rising reserves and cooling inflation give Pakistan’s central bank room for growth. Moody’s and Fitch upgraded its credit ratings the previous year.

You Might Also Like

Emmanuel Dennis Joins Blackburn Rovers on Loan From Nottingham Forest

ExxonMobil Divests Operating Assets in Thailand

Chelsea’s Injury Woes Continue: James, Gusto, and Colwill Out

Super Falcons midfielder, Ngozi Okobi returns to football after giving birth.

Brighton Secure South Korean Winger Yoon Doyoung in Summer Transfer

TAGGED:DownstreamOil and gas
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
Popular News

US gas prices to rise as Trump’s tariffs hit Canadian, Mexican oil.

Esther Udoh
Esther Udoh
February 4, 2025
DisCos reached 94.61% offtake in Q4 2024, as NERC sanctions poor performers.
TotalEnergies has delayed the final investment decision for its Namibian offshore oil discovery until 2026.
Chevron Raises Dividend After Earnings Fall Short Due to Oil Decline
‘Maybe I’ll Retire at 30!’ – Manuel Akanji Raises Concerns Over Demanding Fixture Schedule
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?