- 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.
OGRA is implementing a daily fuel pricing system in Pakistan, following a directive from PM Shehbaz Sharif to combat profiteering.
7 reports, 2 independent
Updated Jul 21
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What happened
OGRA is implementing a daily fuel pricing system in Pakistan, following a directive from PM Shehbaz Sharif to combat profiteering.
Who's involved
What this event is mainly aboutKeep 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
- Business groups have urged the government of Pakistan to review the existing pricing mechanism.
- Ministry of Petroleum manages fuel supply and discusses pricing reforms with dealers' association in Pakistan.
The entities involved
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Pakistan
sovereign state in South Asia
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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.
Related events
- Shehbaz Sharif initiates a nationwide targeted fuel subsidy scheme in Pakistan.
- 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.
- Global oil prices are affecting domestic fuel pricing in Pakistan, and Iran's oil and gas sales could benefit the country.
- Minister Musadik Malik discussed a government fuel relief scheme amid global price hikes caused by the Iran-US conflict.