Pakistan Establishes Petroleum Price Stabilization Fund
Pakistan has created a petroleum price stabilization fund to mitigate the impact of global oil price shocks on consumers. This fund aims to provide financial stability in the energy sector.
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Why Pakistan has created a petroleum price stabilisation fund
Read full article →Fund created to mitigate oil price shocks
ISLAMABAD: The government on Monday notified a new head of account to establish a price stabilisation fund for petroleum products, following a June 5 decision by the federal cabinet. “All proceeds received in the name of the Petroleum Prices Stabilisation Fund will be credited to the Public Account of the Federation under the major head ‘Special Deposit Fund’,” stated a notification issued by the Ministry of Finance. The notification explained that the modalities, including the operating pr...
By none@none.com (The Newspaper's Staff Reporter)
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