The federal government collected Rs381 billion from citizens through the petroleum levy in the first quarter of the current fiscal year, covering July to September. That is Rs10 billion more than the amount gathered in the same period last year, according to the Ministry of Finance in Islamabad.
The ministry’s Fiscal Operations Report puts the figure for the same quarter of the previous year at Rs371 billion.
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Petroleum, carbon and EV levy collections
Beyond the petroleum levy, the documents show the government gathered Rs22 billion through the carbon levy. The Electric Vehicle (EV) Adoption Levy brought in Rs9 billion over the July-September period. Total revenue reached Rs6,003 billion, while expenditure was recorded at Rs4,370 billion.
Spending on interest, defence and subsidies
The primary balance stood at Rs2,973 billion, equal to 2.7 percent of Gross Domestic Product, the report said. Over the first three months, the government spent the following amounts:
- Rs1,700 billion on interest payments on loans
- Rs495 billion on defence expenditure
- Rs263 billion on pensions
- Rs206 billion on civil government expenses
- Rs84 billion on subsidies
State Bank of Pakistan profit for the quarter
The State Bank of Pakistan (SBP) recorded a profit of Rs1,932 billion during the July-September period, according to Ministry of Finance documents.
