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FBR granted Rs1.80 trillion in sales tax exemptions on petroleum for FY 2024–25, a 34% rise from last year, mainly aimed at easing fuel cost burdens on the public.
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Of the total exemptions, Rs1.50 trillion applied to local petroleum supplies, while import-stage exemptions surged by 270% to Rs300 billion, reflecting efforts to stabilize fuel prices.
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Despite exemptions, petroleum levy collections rose 16% to Rs834 billion, highlighting the government’s dual strategy of providing public relief while maintaining fiscal revenue through non-tax sources.
Source: pkrevenue.com
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