Pakistan Economy Watch said decision to use ethanol as fuel could result in severe food crisis and environmental hazards. Apart from energy, it requires four to five gallons of water to produce one gallon of …

ISLAMABAD: Government has decreased prices of petrol by Rs9 and diesel by Rs4 per litre with immediate effect. Advisor to the Prime Minister on Finance, Shaukat Tareen had announced a day earlier that prices of …

ISLAMABAD: The government on Saturday to decrease petrol and diesel prices by Rs 10 and Rs 3 per litre respectively for passing on the benefit of lowering petroleum products’ rates in the global market to …

ISLAMABAD: The National Assembly has been informed that the government is providing subsidy on petroleum products by not passing the full impact of international price increase to the consumers to provide them oil on reasonable …

ISLAMABAD: Prime Minister Syed Yousaf Raza Gilani has said the government is making short term and long term policies to control continuous price hike of essential commodities. Talking to newsmen after visit of Metro Cash …

ISLAMABAD: Federal Finance Minister, Ishaq Dar has said that oil prices might further rise as the government was giving subsidies on oil and diesel and the financial deficit has to be cut down. He …