Country Report
Pakistan upstream fiscal summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Upstream licences are awarded through licensing rounds under concession terms for onshore and production sharing contract terms (PSCs) for offshore projects. There is no direct state participation in offshore projects; state participation for onshore projects is not mandatory, varying between 15% to 25% for local partner. Major components of both concession and PSC terms include royalty, corporate income tax,windfall levy, workers participation fund (WPF) and workers welfare fund (WWF) contributions. Under PSC terms, cost recovery ceiling is set to 85% of gross revenue. Profit-sharing is linked to cumulative production levels. All parameters are fixed and not biddable.
Table of contents
- Basis
-
Licence terms
- Indirect taxes
- Royalty
- Ring fencing
- Base
- Rate
- Payment schedule
- PSC production sharing
- Ring fencing
- 23 more item(s)...
-
Super tax
- Ring-fencing
- Concession and PSC
- Base
- Income
- Deductions
- Rate
- Payment Schedule
- Corporate income tax
- 14 more item(s)...
- Recent history of fiscal changes
- Stability provisions
-
Split of the barrel and share of profit
- Pakistan Concession
- Pakistan PSC
- Effective royalty rate and maximum government share
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Progressivity
- Pakistan Concession
- Pakistan PSC
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Fiscal deterrence
- Pakistan Concession
- Pakistan PSC
Tables and charts
This report includes the following images and tables:
- Exploration zones map
- Bonuses, rentals and fees
- Timeline
- Timeline detail
- Effective royalty rate - onshore, oil
- Effective royalty rate - onshore, gas
- Effective royalty rate - shelf, oil
- Effective royalty rate - shelf, gas
- Effective royalty rate - deepwater, oil
- Effective royalty rate - deepwater, gas
- Maximum government share - onshore, oil
- Maximum government share - onshore, gas
- 33 more item(s)...
What's included
This report contains:
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