Pakistan and the visiting IMF mission are exploring possibilities to increase the non-tax revenue mainly by keeping the petroleum levy on the higher side in order to compensate for an expected reduction in the revenue shortfall. The finalization of such fiscal arrangement can pave way for evolving consensus on striking a staff level agreement at the conclusion of parleys on 13th Feb’20. With the expected average price ranging around $ 55 per barrel for remaining period of the current fiscal, the easy windfall could only be earned by keeping the petroleum levy on the higher side.
12/02/2020