- Prime Minister Shehbaz Sharif addresses government on pricing mechanisms as global oil price declines affect domestic fuel rates in Pakistan.
- The Prime Minister of Pakistan, Shehbaz Sharif, has directed the government to manage fuel pricing amidst global oil price fluctuations.
Business groups have urged the government of Pakistan to review the existing pricing mechanism.
1 report, 1 independent
Updated Jul 21
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What happened
Business groups have urged the government of Pakistan to review the existing pricing mechanism.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Shehbaz Sharif chaired meetings to regulate drug pricing policy for Pakistan.Sub-event
- Owners in Umerkot, Sindh, are challenging the fixed price policy due to resulting financial losses.Sub-event
Business groups urged the government to review the pricing mechanism in Pakistan.1 source
Keep exploring
Part of
The Prime Minister of Pakistan, Shehbaz Sharif, has directed the government to manage fuel pricing amidst global oil price fluctuations.Also in this story
- Bureaucratic delays are reported in the pricing approval process by the Federal Government of Pakistan.
- OGRA is implementing a daily fuel pricing system in Pakistan, following a directive from PM Shehbaz Sharif to combat profiteering.
- Pakistan is finalizing operating rules for a stabilization fund to cushion consumers from sudden fuel price shocks.
The entities involved
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Shehbaz Sharif
Prime Minister of Pakistan (2022–2023; 2024–present)
- Talks are underway focusing on Iran's nuclear program and sanctions, involving the US, Israel, and Iran, with Pakistan's PM mediating the negotiations.
- A committee is questioning the Federal Board of Revenue regarding serious tax evasion and smuggling issues, including an absconding customs official.
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Pakistan
sovereign state in South Asia
Related events
- PM Shehbaz Sharif constituted a committee to review pricing, while a minister proposed deregulating fuel prices in Pakistan.
- High petroleum prices are negatively impacting Pakistan's export competitiveness, prompting business groups to demand a review of fuel pricing.
- The Pakistan Telecommunication Authority oversees regulatory functions, managing telecom market pricing and consumer interests in Pakistan.
- Coalition government held talks with the PPP, during which Shehbaz Sharif discussed price reduction with Rana Sanaullah.
- Prime Minister Shehbaz Sharif directed the Ministry of Finance to consider a new scheme.