The government of Pakistan is considering a windfall tax on Oil Marketing Companies (OMCs) due to extraordinary profits caused by the Middle East conflict, leading to a committee review of Climate Support Levy funds.
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The government of Pakistan is considering a windfall tax on Oil Marketing Companies (OMCs) due to extraordinary profits caused by the Middle East conflict, leading to a committee review of Climate Support Levy funds.
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What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- A judicial inquiry has been launched into the extraordinary windfall profits of oil companies in Pakistan.Sub-event
- Pakistan's Finance Minister and Prime Minister constitute a high-level committee to review fiscal issues amid global oil price volatility.Sub-event
Windfall profits in OMCs due to the Middle East conflict prompt the Pakistani government to consider a windfall tax and committee review of levies.1 source