Pakistan’s Federal government reduced the sales tax by 5% for LNG imported for servicing CNG sector, and fertilizer produced by using the imported chilled gas.
According to a notice by the Federal Board of Revenue, the tax is reduced only for products produced from using imported liquefied natural gas while standard tax rate will be charged for products produced using domestic natural gas.
Pakistan recently commissioned its first LNG receiving terminal at Port Qasim in an attempt to alleviate its energy woes. The facility is operated by Engro Elengy and has a regasification capacity of up to 4.5 million tons of LNG per year.
LNG World News Staff; Image: Qatargas