JI Emir Demands Petroleum Levy Abolition to Alleviate Economic Strain

Hafiz Naeem warned parliamentary parties that the petroleum levy harms food, agriculture, transport, and industrial sectors. The JI chief suggested offsetting revenue shortfalls by cutting government spending and eliminating financial irregularities to mitigate economic impacts.

The JI emir urged political parties to collaborate on abolishing the petroleum levy, reducing inflation, and preserving democratic stability. This follows the PRA's updated tax awareness sessions and the PM's directive for the FBR to address tax gaps during fiscal pruning efforts.

The PM instructed the FBR to close tax gaps amid planned fiscal adjustments, aligning with the JI's push to eliminate the petroleum levy's economic burden.