Printer Friendly

Critics of raised petroleum prices should refer to court with a tangible solution: Petroleum Advisor.

ISLAMABAD, July 09, 2009 (Frontier Star) -- Advisor to Prime Minister on Petroleum and Natural Resources Dr. Asim Hussain has deliberated that the opponents of Presidential Ordinance on Petroleum Development Levy should refer to court, as the Government has already explained the difference between Carbon surcharge and Petroleum levy. While talking in a private TV channel program here Thursday, he stated that presidential ordinance regarding Petroleum development levy should not be accounted as contempt of the apex court, as Attorney General of Pakistan has already presented the Ordinance in the court and have explained the Governmental stance on the different approach of carbon surcharge and Petroleum development levy. He also stated that the nation has to swallow this bitter pill of petroleum levy for the development and progress of the country by urging on the critics of the presidential ordinance to present a tangible solution by delivering alternate budget, as the Government was suffering Rs. 130 million per hour by withdrawing carbon tax. Advisor to Prime Minister on Petroleum further clarified that Supreme Court directly issued a notification to OGRA to withdraw carbon tax and OGRA without the consideration of the Government notified for withdrawal of carbon tax and in this connection We did not receive any letter from OGRA. He further informed that petroleum tax in the country was below as compare to other countries of the world, as in Pakistan this ratio was about 48%, while above 70% in major countries of the world. During the last 4 to 5 years Pakistan has been receiving 200 barrel free-oil per day from Saudi Arabia, but now the situation has altogether changed, as the Government has been purchasing oil on full rates and thats the reason that petroleum Development levy was being imposed, said Petroleum Advisor to Prime Minister.

(THROUGH ASIA PULSE)
COPYRIGHT 2009 Asia Pulse Pty Ltd
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Frontier Star (Northwest Frontier Province, Pakistan)
Date:Jul 9, 2009
Words:301
Previous Article:Supreme Court to see when petroleum levy ordinance is challenged: Chief Justice.
Next Article:Pakistan has lasting ties with Britain which are being further improved: Shahbaz.
Topics:


Related Articles
LPG consumers exploitation will not be tolerated: Energy Advisor.
IPI gas pipeline to be finalized soon: Advisor.
IPI gas pipeline to be finalized soon: Advisor.
Ministry to abide by SC decision regarding carbon tax: Dr. Asim.
SC suspends imposition of carbon tax on petroleum products.
IHC returns petition filed against petroleum levy presidential ordinance with objections.
IHC returns petition filed against petroleum levy presidential ordinance with objections.
Ministry to abide by SC decision regarding carbon tax: Dr. Asim.
ISLAMABAD, July 07, 2009 (Frontier Star) -- Supreme Court (SC) through an interim order has suspended temporarily imposition of carbon tax on...
Advisor claims transparent mechanism to determine oil prices.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters