Senator Sherry Rehman stated during Senate proceedings on 23 October that Pakistan imports 70 percent of its liquefied petroleum gas (LPG) requirements. Domestic production provides the remaining 30 percent of the nation's LPG needs, according to Rehman.
The senator noted that the country received five LPG cargoes last year and expects two more cargoes this year. Rehman questioned the government's strategy for petroleum product availability, asking if rationing will occur and expressing parliamentary concern over petrol stocks until December.
Syedal Khan Nasir presided over the session as Chairman of the Senate. Bilal Azhar Kiani confirmed that there were no issues with the fuel supply.
More than 10 million people currently benefit from a government scheme providing targeted fuel subsidies. The petroleum levy for the current fiscal year includes a budget of Rs1,676 billion.
Kiani also stated that the super tax was removed for businesses with annual incomes between Rs150 million and Rs500 million. For businesses earning Rs500 million or more, the super tax rate dropped from 10 percent to 8 percent.
Talal Chaudhry reported that Rs117 billion was distributed to affectees in South Waziristan. An additional Rs65 billion in outstanding payments is waiting for an audit to be completed, Chaudhry said.
The Senate adjourned the session until 16:00 on 27 October.
