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oil sector profits

Govt considers windfall tax on massive oil sector profits

May 26, 2026 by maleeha zahid

The federal government is reviewing plans to impose a 20% windfall gain tax on oil companies after petroleum firms reportedly earned massive profits during the recent Gulf conflict. Officials said the proposal aims to recover excess gains generated after fuel prices surged sharply following instability in international energy markets. Authorities are also considering alternative measures […]

Filed Under: Business Tagged With: Gulf conflict, Latest, Oil Companies, oil sector profits, petroleum prices, Shehbaz Sharif, windfall tax

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