Petroleum levy collection hits record Rs1.57tr
• Cost of running civil govt rises 16pc, crosses Rs1tr for first time • Fiscal deficit shrinks to 2.6pc on the back of provincial surpluses, lower interest bill • Defence spending up 18pc; primary surplus reaches record 2.9pc of GDP ISLAMABAD: With a record Rs1.567 trillion petroleum levy collection amid record consumer-end oil prices following US-Israel attacks on Iran, the cost of running the…
In the fiscal year 2025-26, Pakistan witnessed a record Rs1.567 trillion collection from petroleum levies due to high consumer-end oil prices following US-Israel attacks on Iran. The cost of running the civil government increased by 16% to cross Rs1 trillion for the first time, despite restructuring and austerity measures. The fiscal deficit shrank to 2.6% of GDP, the lowest since FY03, thanks to record cash surpluses from provinces and a sharp decline in interest payments.
The primary surplus reached a record 2.9% of GDP. For the current fiscal year, the government aims for a higher Rs1.676 trillion petroleum levy, plus a potential Rs50 billion from a carbon levy on petroleum products.
Written by urgent.news from Dawn's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
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