Pakistan's Oil Industry Opposes Windfall Tax in Upcoming Budget

Oil industry opposes windfall tax in upcoming budget

• OCAC demands urgent meeting with PM, seeks his intervention ISLAMABAD: The country’s oil industry has protested the slow disbursement of their price differential claims (PDCs) against cheaper petroleum product supplies to consumers in early days of US-Iran war and proposed tax on windfall inventory gains in the coming budget. In a letter to the prime minister, Oil Companies’ Advisory Council (OCAC) — a cartel representing around three dozen oil marketing companies and refineries — demanded ...

By [email protected] (Khaleeq Kiani)