#taxes

news
Sec 21(s) of ITO: FBR yet to issue guidelines
Sec 21(s) of ITO: FBR yet to issue guidelines
Source: Business recorder
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Pakistan’s tax-to-GDP ratio lags due to narrow tax net, informal economy: ADB
Pakistan’s tax-to-GDP ratio lags due to narrow tax net, informal economy: ADB
Source: Business recorder
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‘Appeal effect orders’: tax experts decry FBR working
‘Appeal effect orders’: tax experts decry FBR working
Source: Business recorder
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Tax targets missed again
Tax targets missed again
Source: Business recorder
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FBR seeks 18pc tax-to-GDP ratio by 2027-28
FBR seeks 18pc tax-to-GDP ratio by 2027-28
Source: Business recorder
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news
State of the economy
State of the economy
Source: Brecorder
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FBR misses revised target by Rs178bn in FY25
FBR misses revised target by Rs178bn in FY25
Source: Business recorder
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‘No electricity duty’ decision: Minister reaches out to all CMs
‘No electricity duty’ decision: Minister reaches out to all CMs
Source: Business recorder
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Tax structure: budget envisages no reform
Tax structure: budget envisages no reform
Source: Brecorder
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The cost of irrational energy levies
The cost of irrational energy levies
Source: Business recorder
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FBR deploys taxmen on leading solar cos’ premises
FBR deploys taxmen on leading solar cos’ premises
Source: Business recorder
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Budget 2025–26: Between recovery and reality
Budget 2025–26: Between recovery and reality
Source: Business recorder
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FBR redrafts Sec 37A: Amended Finance Bill sets conditions for tax fraud arrests
FBR redrafts Sec 37A: Amended Finance Bill sets conditions for tax fraud arrests
Source: Business recorder
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Budget ironies
Budget ironies
Source: Business recorder
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‘Ball of Confusion’
‘Ball of Confusion’
Source: Business recorder
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Finance bill contains drafting errors: experts
Finance bill contains drafting errors: experts
Source: Business recorder
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PD tells NA body Rs2.50/litre carbon levy to apply from July 1
PD tells NA body Rs2.50/litre carbon levy to apply from July 1
Source: Business recorder
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Power sector circular debt plan okayed by Cabinet
Power sector circular debt plan okayed by Cabinet
Source: Business recorder
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Arrest for tax fraud: Senate panel for defining a threshold
Arrest for tax fraud: Senate panel for defining a threshold
Source: Business recorder
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news
Pakistan’s vision amidst FY26 Budget
Pakistan’s vision amidst FY26 Budget
Source: Business recorder
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Budget 2025-2026: Pakistan govt has no vision beyond fiscal survival
Budget 2025-2026: Pakistan govt has no vision beyond fiscal survival
Source: Business recorder
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Aurangzeb tells Senate body: Govt eyes $2bn loan to boost reserves
Aurangzeb tells Senate body: Govt eyes $2bn loan to boost reserves
Source: Business recorder
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news
Energy budget: revenue first, reform later
Energy budget: revenue first, reform later
Source: Business recorder
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news
Analysis: Economic Survey
Analysis: Economic Survey
Source: Business recorder
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Budget FY26: fiscal discipline without reform
Budget FY26: fiscal discipline without reform
Source: Business recorder
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news
No room for illusions
No room for illusions
Source: Business recorder
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news
Solar panels: Pakistan govt mulling withdrawing ST exemption
Solar panels: Pakistan govt mulling withdrawing ST exemption
Source: Business recorder
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Pakistan’s flawed tax structure
Pakistan’s flawed tax structure
Source: Business recorder
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news
APTMA urges MoF to allow textile industry to import LNG
APTMA urges MoF to allow textile industry to import LNG
Source: Business recorder
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news
Pakistan’s tax system: an overtaxing Leviathan or a wake-up call for reform?
Pakistan’s tax system: an overtaxing Leviathan or a wake-up call for reform?
Source: Business recorder
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news
Tariffs, geopolitical tensions: IMF warns Pakistan of rising external risks
Tariffs, geopolitical tensions: IMF warns Pakistan of rising external risks
Source: Business recorder
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news
IMF asks Pakistan to raise Rs430bn in taxes
IMF asks Pakistan to raise Rs430bn in taxes
Source: dailytimespak
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news
Pakistan govt’s debt stock soars to Rs73.6trn by March-end
Pakistan govt’s debt stock soars to Rs73.6trn by March-end
Source: Business recorder
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Automated income tax refund system: FBR has failed to enforce IHC’s directive
Automated income tax refund system: FBR has failed to enforce IHC’s directive
Source: Business recorder
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Tax Laws (Amendment) Ordinance, 2025: Ill-advised, confiscatory & undemocratic
Tax Laws (Amendment) Ordinance, 2025: Ill-advised, confiscatory & undemocratic
Source: Business recorder
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news
Audits on large-scale: third-party auditors being hired by FBR
Audits on large-scale: third-party auditors being hired by FBR
Source: Business recorder
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news
Aurangzeb upbeat about reversal of US tariffs
Aurangzeb upbeat about reversal of US tariffs
Source: Business recorder
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news
ST payment: FBR fixes MRP of cement
ST payment: FBR fixes MRP of cement
Source: Business recorder
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Salaried class pays 56% in taxes
Salaried class pays 56% in taxes
Source: The Express Tribune
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news
Pakistan Refinery Limited struggles under heavy losses
Pakistan Refinery Limited struggles under heavy losses
Source: Brecorder
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news
Govt to avoid new taxes, but faces Rs1.56trn shortfall after Gencos tariff revisions
Govt to avoid new taxes, but faces Rs1.56trn shortfall after Gencos tariff revisions
Source: Profit Pakistantoday
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news
Pakistan’s window of opportunity
Pakistan’s window of opportunity
Source: Business recorder
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news
Relief for the salaried people
Relief for the salaried people
Source: Brecorder
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news
After expiry of Grid Levy Ord: IHC directs AGP to refund levy sums to CPPs
After expiry of Grid Levy Ord: IHC directs AGP to refund levy sums to CPPs
Source: Business recorder
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news
Pakistan’s roadmap to crypto legalization—V
Pakistan’s roadmap to crypto legalization—V
Source: Business recorder
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news
Economy needs trade, not just taxes
Economy needs trade, not just taxes
Source: The Express Tribune
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news
Salaried class pays Rs331bn in taxes, 1,350% higher than retail sector
Salaried class pays Rs331bn in taxes, 1,350% higher than retail sector
Source: Profit Pakistan
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news
FY26 Budget proposals: Businesses urge govt to gradually reduce GST rate
FY26 Budget proposals: Businesses urge govt to gradually reduce GST rate
Source: Business recorder
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news
Stagnation and reform
Stagnation and reform
Source: Brecorder
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news
IMF allows Pakistan to reduce property tax by 2% from April 2025
IMF allows Pakistan to reduce property tax by 2% from April 2025
Source: AAJ
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Don't take our word for it.

Dr. Gulfaraz Ahmed
Dr. Gulfaraz Ahmed
Advisor Mari Petroleum, Former MD OGDCL, Former Secretary Petroleum

Despite historical energy resource exploration Pakistan is still to achieve self-sufficiency. Therefore Pakistan continues to promote its geology to attract the competitive exploration dollar internationally. The members of the vibrant energy industry in the country felt the need for instituting a forum of The Petroleum Club of Pakistan to serve as an open platform for the sharing of professional information. The PCP organizes meetings and seminars for sharing and promoting information of related knowledge and is headed by a President chosen for historical contributions to the industry in the country!

Dr. Syed Iqbal Mohsin
Dr. Syed Iqbal Mohsin
Former VC Wafaqi Urdu University, Former Director Evening program Karachi University

Petroleum Club of Pakistan provides a platform for professionals that was missing and was very much needed. The exchange of ideas and good communication is very healthy.

Syed Firasat Shah
Syed Firasat Shah
Ex Co-DMD Exploration & Business Development at Pakistan Petroleum Limited

Petroleum Club of Pakistan is a much needed, integrated think tank platform for the experienced energy professionals to interact, share thoughts on important energy challenges and to come up with fact-based solutions, by following the principles of mutual respect, collective wisdom, and constructive thinking. The club will also contribute to educating the public on energy-related issues to overcome common misconceptions and prevent its negative impact.

Dr. Saeed Khan Jadoon
Dr. Saeed Khan Jadoon
Ex Executive Director Exploration, Oil & Gas Development Company Ltd. Islamabad, Pakistan

On behalf of the Petroleum Club of Pakistan (PCP), my team and I welcome all our members and visitors to our web platform. PCP is a not-for-profit organization, our efforts are towards making Pakistan a leading country in the energy sector by strengthening the links between professionals of the Energy Sector of Pakistan through the power of networking, technology utilization, local research, human resource development, ancillary skills, and counseling. We provide our members with a professional platform to interactively discuss energy-related issues and to propose fact-based solutions that may be used as energy industry feedback for policy formulation. PCP also arranges workshops and talk shows to increase awareness on energy-related issues and the link between academia and the industry.

Ahmed Nawaz
Ahmed Nawaz
Chief Operating Officer (COO) at MOL Pakistan Oil & Gas Co. B.V.

PCP is indeed a prestigious platform that is providing an opportunity to professionals from across the petroleum industry to exchange their views and contribute toward the betterment of our beloved country Pakistan. The thing which I admire the most about PCP, it has made a wealth of knowledge and wisdom accessible to emerging and young industry professionals from those who otherwise would have gone into hibernation post their retirement. Forward-looking, I foresee PCP tremendous role in improved inclusion and structured dissemination of knowledge providing discipline-based expert forums whereby industry and academia can equally benefit and effectively contribute in this volatile, uncertain, complex and ambiguous petroleum business.

Moin Raza Khan
Moin Raza Khan
MD & CEO Pakistan Petroleum Limited

It is heartening to see the Petroleum Club of Pakistan (PCP) flourish in terms of its membership over the past few years. Now we have knowledge powerhouses representing the entire spectrum of the Petroleum and Energy industry in its fold. With an amalgam of young and highly experienced, seasoned professionals of this industry, it carries several thousand years of experience, PCP seems to be well poised to deliver on the very objectives that it was formed for. Being a front runner and a representative from the upstream petroleum sector, now I can say that PCP is getting closer to my vision of providing the best think tank for influencing key decisions by the policymakers, planners, and promulgators across all streams of oil & gas industry of Pakistan.

Masood Siddiqui
Masood Siddiqui
Ex MD, OGDCL

Petroleum Club of Pakistan is a great platform for debating the energy issues of Pakistan. With the thousands of years of experience present at the forum, issues can debated threadbare with across the board perspective incorporated in the outcome.

Muhammad Raziuddin Monem
Muhammad Raziuddin Monem
Member Board Of Directors SSGC , Former Regional Head MI Schlumberger

Petroleum Club is a very good medium to exchange views and ideas about what ails the Petroleum industry and suggestions on some out of the box solutions for the policymakers to see an alternative approach to what they've been doing. This will offer them something to think about. I have always felt that once we have really good Corporate Governance on both sides, in the industry and the regulators or shouldn't we call them facilitators, both ensure that decisions are taken primarily on merit and the Code of Corporate Governance is strictly followed a lot of the issues will be settled, slowly but surely. So here's to a meaningful discussion on this valuable forum.

Muhammad Arif
Muhammad Arif
Member Gas at OGRA

It gives me immense pleasure in penning down to acknowledge that the creation of the Petroleum Club of Pakistan has been the most needed and long-awaited initiative which has united and brought industry professionals at one platform. The Club members’ life long experience and their wisdom reflected in intellectual discourse on most difficult industry issues are invaluable. Issuance of periodic hardcore advisory papers by PCP may provide guiding principles for the government and regulators in the formulation of policies and taking timely corrective measures in addressing the complex industry issues in these testing times and years to come. I am very hopeful and confident that life long experience and wisdom of the very experienced and committed members of PCP would not only strengthen the social and professional network, but it would also be able to truly act as “Think Tank” and provide timely advise or at least “Food for Thought” to the policymakers to address compelling issues faced by the industry with a view to ultimately achieve sustainable security of energy supplies in a competitive market environment. The success of the Petroleum Club of Pakistan is due to the active, timely and painstaking efforts being made by the Club team.

Syed Arif Kamal
Syed Arif Kamal
Former Chief Executive POL & Executive Director OGDCL

Establishment of Petroleum Club of Pakistan became a reality due to vision, inspiration and sincere efforts of members in general but of founder members in particular resulting in a rapid and even an unprecedented growth of membership. Every one has noticed a very enthusiastic participation of members in sharing the technical knowhow and industry information. I hope soon speaker series may also be initiated for dissemination and sharing of knowledge. Finally all the effort of members is focused to help the Country in meeting its energy requirements in an environtally safe, responsible and sustainable manner.

G.A. Sabri
G.A. Sabri
Former Federal Secretary Petroleum / DGPC

Formation of Petroleum Club Of Pakistan is an excellent Initiative and being a member i am thoroughly enjoying it. I would like to compliment Mr. Tahir Alam and Dr. Saeed Khan Jadoon for the wonderful initiative. The Daily news update is again an great idea. PCP is a very good forum for professional interaction and source of learning for the younger generation, as well as keeping the old vintage updated. I would strongly propose that the Government should officially accept it as a think tank group which can make a very useful contribution to policy making. Organisations like PPEPCA and OCAC, which have been there since ages were not able to do what PCP has achieved. It would have a greater impact if the strength of downstream professionals could be increased. PCP’s growth and success will be a source of professional pride. Keep it up Tahir Alam and good luck.

PCP
PCP
CLUB

Petroleum Club Of Pakistan

Patrons