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KP demand for excise duty on crude production opposed
21 Aug 2015

ISLAMABAD: Amid fixing of borrowing limits on provincial governments at Rs112 billion per annum, the Federal Board of Revenue (FBR) on Wednesday opposed a demand from the Khyber Pakhtunkhwa to impose excise duty on local crude production, saying this will increase petroleum prices across the country.

Shahid Hassan Assad, Member FBR, told the Senate Standing Committee on Finance and Revenue that the KP government had requested the federal government to impose federal excise duty (FED) on oil produced in the province.

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