ISLAMABAD: The Petroleum Division has decided to raise the issue of general sales tax (GST) exemption on petroleum products with the International Monetary Fund (IMF) in an effort to pave the way for $6 billion worth of investments in oil refinery upgrades. An IMF mission is currently in Pakistan for programme review under its $7 billion Extended Fund Facility. According to sources, Petroleum Minister Ali Pervaiz Malik will hold discussions with the Fund to address concerns raised by local refineries, which claim that the GST waiver caused losses of around…
Read MorePetroleum Division to Take Up GST Waiver Issue with IMF to Unlock $6bn Refinery Investments
