ISLAMABAD, MAY 20 (DNA): Under a new understanding with the International Monetary Fund (IMF), Pakistan will raise its Petroleum Development Levy (PDL) to over Rs100 per litre on petrol and diesel in coming fiscal year starting July 2025. The initiative has been taken to fund power sector subsidies and help reduce circular debt, a senior official told media. The levy, currently stands at Rs78 per litre on petrol and Rs77 on diesel, is being increased as part of Islamabad’s broader strategy to boost non-tax revenues and support power and electricRead More