Pakistan’s Senate Rejects Carbon Levy, Putting IMF Deal at Risk « Carbon Pulse

Pakistan’s Senate rejects carbon levy, putting IMF deal at risk « Carbon Pulse

The Senate standing committee on finance in Pakistan has rejected the federal government’s proposal of imposing a carbon levy on petroleum products, raising concerns of a potential inflationary impact on the general public.

Pakistan Senate Rejects Carbon Levy: Introduces Digital Presence Proceeds Act

The Senate Standing Committee on Finance and Revenue, led by Senator Saleem Mandviwalla, recently made several key decisions. The Committee rejected proposed carbon levy , introduced Digital Presence Proceeds Act and discussed important financial matters. The committee rejected the proposed Rs. 2.5 carbon levy in the Financial Bill 2025-26. Senator Mandviwalla emphasized that the Petroleum Division failed to provide a sustainable “Emission Reduc…