pakwheels

Pakistan’s fuel market ended the week under considerably more pressure than it began. Petrol has jumped by Rs29.95 per litre since the previous weekly close. Last week, the increase was only Rs3.85. This week, it is nearly Rs30. It is a rise large enough to make even a routine 3 km commute feel worth reconsidering […]

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Islamabad: The federal government is examining a proposal to sharply reduce the petroleum levy to Rs. 5 to 10 per litre, but doing so could leave a revenue gap of roughly Rs. 1.45 to 1.50 trillion that would have to be filled through new taxes, withdrawal of exemptions and spending cuts. According to a proposal […]

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MG Pakistan has confirmed that it will begin exporting locally assembled CKD units to Bangladesh, with two sample shipments scheduled for September 2026 ahead of planned full-scale exports in 2027. In a public announcement, the company said the shipments are the next step following an MoU signed with Bangladesh in July. The initial units will […]

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Islamabad: The Federal Board of Revenue (FBR) has issued fresh instructions clarifying Pakistan’s tax treatment of electric vehicles, confirming that key concessions for eligible EVs and CKD kits will remain in place until June 30, 2027. The underlying relief is not new. It was announced as part of Budget 2026-27 and subsequently incorporated into the […]

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Fuel prices in Pakistan are heading higher once again, continuing an upward trend that has dominated the past 10 days. According to the latest Petroleum Division notification issued on September 11, petrol and high-speed diesel (HSD) prices have been increased for the period from September 12 to September 14, 2026. Petrol has been increased by […]

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