- The Pakistani government is considering introducing a carbon tax on petroleum products as part of its tax collection and environmental support strategy.
- This aligns with the IMF’s goal of implementing a uniform VAT system to enhance financial transaction documentation and digitization.
- There are discussions about increasing the petroleum levy to Rs100 per liter, which could boost federal revenue.
- These measures could also attract international financial support and align with global benchmarks for climate-focused public investment management.
- The IMF advocates for the reinstatement of standard GST on petroleum products and a petroleum levy to create a more inclusive VAT system.
- National authorities are considering reintroducing a carbon tax or raising the petroleum levy to enhance federal revenue, as these revenues remain entirely with the federal government.
Source RTC
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