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No intention to impose whole of petroleum levy: Miftah

At present, there is zero petroleum levy on the petroleum products.

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No intention to impose whole of petroleum levy: Miftah
GNN Media: Representational Photo

Islamabad: Federal Finance and Revenue Minister, Miftah Ismail here on Wednesday clarified that the government has no intention to pass on the full amount of petroleum levy (Rs.50 per liter) as incorporated in the Finance Bill 2022-23 to the consumers. 

“The government has got the permission from you (the house) to impose up to Rs.50 per litter levy on petroleum products but there is no hope and intention to take the levy up to this figure”, he said while speaking in the National Assembly (NA). 

The Minister also informed the members of the house that at present there is zero petroleum levy on the petroleum products.

Pakistan

Pakistan, Denmark sign inter-governmental framework agreement

Interest-free loans will be extended for renewable energy, energy efficiency, and water supply and waste-water treatment sectors

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Pakistan, Denmark sign inter-governmental framework agreement

Islamabad: Minister for Economic Affairs Sardar Ayaz Sadiq has said that Pakistan and Denmark enjoy a friendly and cordial relationship, and there is a lot of potentials to enhance the relationship between both nations.

He was talking to Danish Ambassador, Lis Rosenholm in Islamabad after the signing of an inter-governmental framework agreement to enhance financial cooperation in the energy and water sector.

Under the agreement, interest-free loans will be extended for renewable energy, energy efficiency, and water supply and waste-water treatment sectors.

Sardar Ayaz Sadiq told the ambassador that efforts to revive bilateral economic and development cooperation are underway with Denmark, agreeing to provide budget support to the Government of Pakistan through Inter-Governmental Framework Agreement.  

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Pakistan

Preparations in full swing to celebrate diamond jubilee of Pakistan's independence 

Buildings are being decorated with national flags, buntings and lights.

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Preparations in full swing to celebrate diamond jubilee of Pakistan's independence 

Islamabad: Preparations are in full-swing across the country, including Gilgit-Baltistan and Azad Jammu and Kashmir to celebrate Diamond Jubilee of Pakistan's Independence on 14 August.

Buildings are being decorated with national flags, buntings and lights. People have started displaying national flags on their vehicles and rooftop of their houses.  

Besides, stalls of National Flag, buntings, caps and children clothes doused in green and white colours have been setup along busy roadsides and at shops in every nook and corner of the country.  

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Pakistan

National Minority Day being observed 

The day was basically dedicated to the minorities, who played their constructive role in the Pakistan movement.

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National Minority Day being observed 

National Minority Day is observed on Wednesday (today) to commemorate the contribution of minorities in the progress of Pakistan. 

On August 11, the day is observed every year to recall the vision of Quaid-e-Azam Mohammad Ali Jinnah and to reaffirm the commitment that despite belonging to different faiths we are one nation.

The Government of Pakistan had declared 11 August as National Minority Day in 2009.

Events, seminars, and social gatherings are arranged across the country on the day by members of various religious minorities.

The day was basically dedicated to the minorities, who played their constructive role in the Pakistan movement.

Pakistan was the first country in the world which reassured its minorities about their future rights by specifically allocating a portion of the national flag.

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