- The government of Pakistan is considering a windfall tax on Oil Marketing Companies (OMCs) due to extraordinary profits caused by the Middle East conflict, leading to a committee review of Climate Support Levy funds.
- Pakistan's Finance Minister and Prime Minister constitute a high-level committee to review fiscal issues amid global oil price volatility.
- PM Shehbaz Sharif constituted a committee to review pricing, while a minister proposed deregulating fuel prices in Pakistan.
Prime Minister Shehbaz Sharif agreed to implement a new pricing system in Pakistan.
10 reports, 2 independent
Updated Jul 20
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AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Prime Minister Shehbaz Sharif agreed to implement a new pricing system in Pakistan.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Malik introduced a reform on the pricing system directive issued by Shehbaz Sharif.1 source
PM Shehbaz Sharif agreed to a new pricing system, involving Malik.1 source
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The entities involved
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Malik
Indonesian politician (born 1973 in Kajang)
Nothing else this week.
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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
- 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.
- Prime Minister Shehbaz Sharif directed the Ministry of Finance to consider a new scheme.
- Shehbaz Sharif chaired meetings to regulate drug pricing policy for Pakistan.
- Coalition government held talks with the PPP, during which Shehbaz Sharif discussed price reduction with Rana Sanaullah.