Petroleum Division amends LPG policy draft
Favours importer by waiving regulatory duty, advance tax on imports via sea
At present, the LPG importers are paying 5.5% withholding tax on import. PHOTO: FILE
ISLAMABAD:
After the oil scam, another scam could emerge as the Petroleum Division has amended the draft of LPG Policy 2021 that appears to favour an influential LPG importer by waiving regulatory duty and advance tax on imports via sea.
According to the amended draft, a copy of which is available with The Express Tribune, the Petroleum Division has introduced measures to strengthen the monopoly of one key LPG importer at the cost of local gas and imports through land route.
20km fuel pipeline planned
May 2, 2021
KARACHI: Pakistan State Oil (PSO), Pak Arab Refinery Limited (Parco) and Pak Arab Pipeline Company (Papco) will jointly develop a 20-km pipeline link between Karachi port and Port Qasim for fuel transportation.
PSO and PARCO also agreed to explore the option of developing a terminal at Hub having a single point mooring system which will allow imports through VLCC tankers.
Pakistan State Oil (PSO) signed multiple infrastructural memoranda of strategic importance with Pak Arab Refinery Limited and Pak Arab Pipeline Company to safeguard the country’s petroleum product supply chain and enable economical and environment friendly transportation of fuels.
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Demands of LPG producers go unheeded tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.