Prime Minister Shehbaz Sharif addresses government on pricing mechanisms as global oil price declines affect domestic fuel rates in Pakistan.
1 report, 1 independent
Updated Jun 18
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What happened
Prime Minister Shehbaz Sharif addresses government on pricing mechanisms as global oil price declines affect domestic fuel rates in Pakistan.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The Prime Minister of Pakistan, Shehbaz Sharif, has directed the government to manage fuel pricing amidst global oil price fluctuations.Sub-event
PM directs government on pricing mechanisms amid global oil price decline and US-Iran ceasefire.1 source
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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
- Global oil prices are affecting domestic fuel pricing in Pakistan, and Iran's oil and gas sales could benefit the country.
- Pakistan's Shehbaz Sharif announced a major relief package concerning fuel prices.
- PM Shehbaz Sharif constituted a committee to review pricing, while a minister proposed deregulating fuel prices in Pakistan.
- Renewed hostilities in the Middle East are threatening oil supply lines, leading to global price hikes and prompting the Pakistani government to review its subsidy scheme.
- Ministry of Petroleum manages fuel supply and discusses pricing reforms with dealers' association in Pakistan.