The federal government reported a remarkable collection of Rs180 billion from the Petroleum Development Levy (PDL) over the past six weeks, driven by the ongoing conflict in the Middle East. This figure is part of a total of Rs1,234 billion collected from July to mid-April, marking an increase of around Rs400 billion compared to the same period last fiscal year. The government has also disbursed Rs38 billion in fuel subsidies to oil marketing companies to stabilize prices for consumers.
BUSINESSPublished 18 Apr 2026 • Published 1h ago
Pakistan Faces Economic Challenges Amid Global Inflation Pressures
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The Pakistani government has collected over Rs180 billion from the Petroleum Development Levy in just six weeks amid rising regional tensions, significantly impacting the economy. The IMF has warned that Pakistan's economy is slowing down due to the energy crisis and inflation. This fiscal strain is compounded by a 27% drop in foreign direct investment year-to-date.
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