Pakistan, June 12 -- The government has proposed a significant increase in petroleum levy targets for the upcoming fiscal year. The proposal was presented by Finance Minister Muhammad Aurangzeb during the National Assembly budget session. The move is part of broader efforts to boost non-tax revenue. It reflects a shift toward higher indirect revenue collection.

According to budget details, the petroleum levy on liquefied petroleum gas (LPG) has been set at Rs3.45 billion. Moreover, the government expects to collect Rs50 billion under the climate support levy. Therefore, these measures are expected to contribute significantly to federal revenues.

In addition, a levy on off-the-grid captive power plants has been proposed at over Rs15.73 b...