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, UK sign £35 million Green Compact to strengthen climate resilience

Updated 21 December 2025
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Pakistan, UK sign £35 million Green Compact to strengthen climate resilience

  • Pakistan ranks among nations most vulnerable to climate change and has seen erratic changes in its weather patterns
  • UK will help Pakistan mobilize climate finance, strengthen regulatory frameworks and develop bankable climate projects

ISLAMABAD: Pakistan and the United Kingdom (UK) have formalized a comprehensive climate partnership with the launch of a Green Compact that aims to enhance climate resilience, accelerate clean energy transition and scale up nature-based solutions, including mangrove conservation, Pakistani state media reported on Sunday.

The agreement, signed in Islamabad by Federal Minister for Climate Change and Environmental Coordination Dr. Musadik Malik and UK Minister for International Development Jennifer Chapman, unlocks £35 million in targeted support for green development and long-term climate action, according to Radio Pakistan broadcaster.

Pakistan ranks among nations most vulnerable to climate change and has seen erratic changes in its weather patterns that have led to frequent heatwaves, untimely rains, storms, cyclones, floods and droughts in recent years. In 2022, monsoon floods killed over 1,700 people, displaced another 33 million and caused over $30 billion losses, while another 1,037 people were killed in floods this year.

Mohammad Saleem Shaikh, a spokesperson for Pakistan’s Ministry of Climate Change, described the compact as a “decisive move toward action-oriented climate cooperation,” noting that its implementation over the next decade will be critical for Pakistan which regularly faces floods, heatwaves and water stress.

“The Compact is structured around five core pillars: climate finance and investment, clean energy transition, nature-based solutions, innovation and youth empowerment, and adaptation and resilience,” the report read.

“Under the agreement, the UK will work with Pakistan to mobilize public and private climate finance, strengthen regulatory frameworks for green investment, and develop bankable climate projects.”

Clean energy forms a central component of Pakistan’s transition, with Islamabad planning to expand solar and wind generation to reduce fossil fuel dependence, improve energy security and stabilize power costs, according to Shaikh.

“Renewable energy is now economically competitive, making the transition both environmentally and financially viable,” he was quoted as saying.

“Nature-based solutions, particularly large-scale mangrove restoration, will protect coastal communities from storm surges and erosion while enhancing biodiversity and carbon sequestration.”

Under the Compact, technical support, mentoring and access to investors will be provided to climate-smart startups and young innovators, reflecting Pakistan’s recognition of youth-led initiatives as central to future climate solutions.

On the occasion, Chapman, on her first official visit to Pakistan, underscored the urgency of climate action, highlighting the UK’s support for renewable energy, mangrove and ecosystem restoration, early-warning systems, climate budgeting and international investment flows into Pakistan.

Shaikh described the Green Compact as “a strategic turning point” in Pakistan–UK relations on climate change, saying its effective implementation is essential for Pakistan to meet its national climate targets.