Govt Collects Rs. 371 Billion from People in Petrol Taxes

The federal government collected an additional Rs. 110 billion in petroleum levy from the public during the first quarter (July-September) of the current fiscal year, according to documents from the Ministry of Finance. Total petroleum levy collections for the period reached Rs. 371 billion, compared to Rs. 261 billion collected during the same period last year, an increase of approximately 42.12 percent. The documents reveal that, in line with IMF conditions, Pakistan achieved a budget surplus of 1.6 percent of GDP. The primary balance for the first quarter was recorded at 2.7 percent of GDP. Interest payments on loans amounted to Rs. 1,377 billion, while defense spending stood at Rs. 447 billion. Government revenues totaled Rs. 6,200 billion, with expenditures at Rs. 4,080 billion. From July to September, the government borrowed Rs. 2,119 billion. The State Bank of Pakistan reported profits of Rs. 2,428 billion during the same period. Collections under the carbon levy reached Rs. 10 billion, while Rs. 3 billion was collected under the EV adoption levy. Pension payments amounted to Rs. 249 billion, civil government expenses were Rs. 161 billion, and subsidies cost Rs. 119 billion. Domestic interest payments on loans totaled Rs. 1,176 billion. Under the NFC Award, Rs. 1,775 billion was transferred to the provinces: Punjab received Rs. 882 billion, Sindh Rs. 441 billion, Khyber Pakhtunkhwa Rs. 287 billion, and Balochistan Rs. 164 billion. All four provinces posted budget surpluses in the first quarter, with Punjab recording a surplus of Rs. 441 billion, Sindh Rs. 208 billion, KP Rs. 77 billion, and Balochistan Rs. 53 billion.