The government of Pakistan has asked the International Monetary Fund to consider suspending the petroleum carbon levy as fuel prices continue to rise in global markets. The request comes during a period of economic pressure and higher energy import costs. According to Petroleum Minister Ali Pervaiz Malik, Prime Minister Shehbaz Sharif has directed the finance […]

Pakistan’s recent increase in petrol and diesel prices is expected to raise the cost of operating government vehicles across the country. Petrol prices have climbed sharply in recent weeks, increasing financial pressure on both federal and provincial budgets. Government departments in Pakistan operate tens of thousands of official vehicles for administrative work, security services, and […]

Pakistan’s government has revised several electricity purchase agreements to reduce financial pressure on the power sector. The Economic Coordination Committee approved the decision during a meeting chaired by Muhammad Aurangzeb. Officials say the new agreements could save about Rs163 billion over the remaining life of the contracts. The changes apply to agreements with 15 power […]