Despite enforcing a car monetisation policy that gives cash for transport to top bureaucrats, the federal government's annual budget expenditure on fuel jumped to nearly Rs22 billion – an increase of 39% – even before the Middle East war began, according to details submitted by Finance Minister Muh»»»

Prime Minister Shehbaz Sharif says that the government has made the utmost efforts to manage the ongoing economic turmoil via austerity measures. “It is a challenging situation,” the premier told a cabinet meeting, referring to rocketing oil prices and subsequent government price hikes. “But via au»»»

Pakistan will cut petrol prices by 80 rupees per litre to 378 rupees ($1.35), Prime Minister Shehbaz Sharif said late on Friday. The reduction will be funded through the government’s petroleum levy. The move comes just a day after it raised fuel prices by at least 43 percent, citing rising global o»»»