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Category: Policy Briefs

The Recent Government Decision to Reduce Oil Prices in Pakistan

Posted on October 20, 2023October 20, 2023 By developmentinsightslab 2 Comments on The Recent Government Decision to Reduce Oil Prices in Pakistan
The Recent Government Decision to Reduce Oil Prices in Pakistan

The recent move by the Pakistani government to lower oil prices with effect from October 16, 2023, has both benefits and drawbacks. Positively, it is anticipated that the country’s major development metrics and general cost of living will benefit from the drop in oil prices. The general population’s cost of living will eventually decline as…

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