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)
(THROUGH ASIA PULSE)
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|Publication:||The Frontier Star (Northwest Frontier Province, Pakistan)|
|Date:||Jul 9, 2009|
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