Advertisement
Categories: BusinessNewsPakistan

Petroleum Dealers Threatens Nationwide Shutdown on July 5

Advertisement

The Pakistan Petroleum Dealers Association (PPDA) has warned that they will shut down petrol stations across the country on July 5 if the advance tax is not refunded.

During a press conference, PPDA chairman Abdul Samad Khan expressed concern over the 0.5% advance turnover tax included in the Finance Bill, stating that it makes operating petrol pumps unsustainable. He urged the government to review and eliminate this tax immediately, or dealers would have no choice but to close their businesses.

Khan emphasized that the interests of oil marketing companies are of utmost importance to the dealers. He criticized the government for imposing excessive taxes, which have led to a decline in petroleum sales, and accused the government of supporting smuggling while threatening those who oppose it.

He noted that taxes are already levied on every transaction involving petroleum products and claimed that the Prime Minister insists on implementing these taxes out of necessity.

The PPDA delegation is scheduled to meet with the Finance Minister, Petroleum Minister, and FBR Chairman in Islamabad today. Khan warned that if their issues are not resolved, the entire country would face a shutdown on July 5.

Advertisement
News Desk

Recent Posts

Pakistan to Witness Nearly 7 Million Animal Sacrifices on Eid-ul-Adha

Pakistan is expected to witness the sacrifice of more than 6.97 million animals during Eid-ul-Adha…

1 day ago

US Tech Fund commits $10 million to 2 Pakistani IT entrepreneurs

Pakistan's two IT entrepreneurs-- Mehwish Salman Ali and Malik Mudassir—will receive funding of $10 million…

1 day ago

Spotify’s Fresh Finds Celebrates a Decade of Discovering Breakout Talent

Spotify has announced a major milestone for 2025 - 10 years of Fresh Finds, the…

1 day ago

Sindh Govt Bans Qingqi Rickshaws in Karachi, Imposes Heavy Fines Under New Traffic Reforms

Sindh’s Minister for Law and Home Affairs, Ziaul Hassan Lanjar, has approved sweeping changes to…

1 day ago

AKU LEADS with micro-credentials: A flexible programme for academic advancement, upskilling and reskilling

Today, the world is changing rapidly more so than ever before with disruptive technological development…

1 day ago

Aeon & Trisl Secures Emaar’s Top Broker Title for Q1 2025 – 7 Quarters in a Row

Aeon & Trisl Real Estate Group has once again claimed the coveted title of Emaar’s…

1 day ago