Pakistan, July 1 -- Federal Government has established the "Petroleum Prices Stabilization Fund" to address fluctuations in the prices of petroleum products.

The government has issued notification about the new Petroleum Prices Stabilization Fund and allocated official account for it.

The Ministry of Finance has intimated to all concerned institutions including the Auditor General Pakistan, Controller General Accounts and Accountant General Pakistan Revenue.

Accountant Generals of Punjab, Sindh, Khyber Pakhtunkhwa and Balochistan have also been informed about the new fund. "The provincial governments have also been issued orders to ensure necessary arrangements with regard to the fund receipts".

The government has notified that all am...