Government Agrees in Principle to Phase Out Petroleum Levy in Phases; Final Draft Agreement Between Government and Jamaat-e-Islami to Be Prepared Today
ISLAMABAD: The federal government and Jamaat-e-Islami (JI) will complete the draft of a formal agreement today on gradual withdrawal of the petroleum levy and huge economic relief to the public.Federal government and Jamaat-e-Islami (JI) will also finalise the draft of a formal agreement on gradual withdrawal of the petroleum levy and huge economic relief to the public today.
The government’s and Jamaat-e-Islami’s committees will meet in Islamabad with important consequences in mind to redraft the agreement, according to sources in the know. This will then be presented to the senior management of each team for formal sign off and approval.
Below are the key Highlights of the Government-JI Agreement Draft and Reliever Funds.Below are the key Highlights of the Government-JI Agreement Draft and Reliever Funds.
The government has agreed in principle to the removal of the petroleum levy in a phased manner to take the pressure off inflation, sources confirm.
In the midst of the discussions, the government has said it is ready to provide targeted tax and fuel relief to the owners of 1000cc vehicles.
Agricultural Sector Support: The government has also committed to offering tangible support packages for the agricultural sector, besides the adjustments in petroleum prices.