ISLAMABAD: The federal government has projected petroleum levy collections of Rs1.468 trillion for the ongoing fiscal year 2025-26, with annual revenues expected to rise sharply to Rs2.212 trillion by FY2029-30, according to estimates cited in an International Monetary Fund (IMF) report.
Thank you for reading this post, don't forget to subscribe!Official figures show that more than Rs650 billion has already been collected during the first five and a half months of the current fiscal year, indicating strong momentum in levy receipts.
The IMF projections point to a steady upward trend in petroleum levy revenues as part of Pakistan’s broader fiscal consolidation strategy. For FY2026-27, the levy collection target has been set at Rs1.638 trillion.
The estimates further project collections of Rs1.787 trillion in FY2027-28, increasing to Rs1.989 trillion in FY2028-29, before reaching Rs2.212 trillion by FY2029-30.
The rising petroleum levy is expected to remain a key source of non-tax revenue for the government, supporting budgetary needs amid ongoing efforts to stabilise the country’s public finances.
Story by Irshad Ansari
