Pakistan keeps prices of petroleum products unchanged for next 15 days

In this file photo, taken on June 2, 2022, motorists wait to fill their vehicles' tanks at a petrol station in Islamabad, Pakistan. (Photo courtesy: AFP)
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Updated 01 November 2022
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Pakistan keeps prices of petroleum products unchanged for next 15 days

  • This is the second time Pakistan has kept the prices unchanged
  • The government last month also slashed petrol price by Rs12.63

ISLAMABAD: The Pakistani government on Monday decided to keep the prices of petroleum products unchanged for the next 15 days, the Finance Division said.

Pakistan revises petroleum prices every fortnight. This is the second time that the government has maintained the rates of petroleum products, since it announced a cut of Rs12 in petrol price on October 1.

“In the fortnightly review of petroleum products’ prices, Government has decided to maintain the petroleum products’ prices unchanged in order to provide relief to the common man,” the Finance Division said in a notification late Monday.

A liter of petrol costs Rs224.80, while that of high-speed diesel costs Rs235.30, according to the notification.

Kerosene oil and light diesel oil have been respectively priced at Rs191.83 and Rs186.50 per liter.

The coalition government of Prime Minister Shehbaz Sharif last month slashed the petrol price by Rs12.63 per liter, giving massive relief to the inflation-stricken people.

The drop in petroleum prices came after Ishaq Dar took charge as the country’s finance czar.


Pakistan PM inaugurates Punjab food, agriculture and drug authority

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Pakistan PM inaugurates Punjab food, agriculture and drug authority

  • New authority brings food, agriculture and drug testing under a single regulatory framework
  • Facility will provide certification services nationwide, reducing reliance on foreign laboratories

ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday inaugurated the Punjab Agriculture, Food and Drug Authority (PAFDA), a new testing and certification body that authorities say will strengthen food safety, public health , and export standards across the country.

The authority, launched in Lahore by Sharif and Punjab Chief Minister Maryam Nawaz, will oversee testing of pharmaceuticals and other products, providing a new institutional framework to address long-standing gaps in quality control and certification.

“PAFDA will play a vital role in ensuring food safety, quality control, and public health,” Sharif said at the inauguration, according to an official statement.

Punjab officials said the facility houses high-tech laboratories for agriculture, food and drug testing under one roof and is staffed by more than 230 scientists, the majority of them women.

The government says the project will also support exporters by providing domestic testing and certification services, reducing reliance on foreign laboratories.

Sharif said strong and transparent institutions were essential for national credibility and international trade and cited past reforms in forensic science and export oversight as examples of how institutional capacity could improve governance.

The Punjab government said additional laboratory equipment would be added in coming months and that the authority would also expand into areas such as cosmetics, animal feed , and soil testing.

Officials said other Pakistani provinces will also be able to use the authority’s facilities for testing and certification.