govt
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Govt denies reports of discounted oil deal with Moscow
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[ad_1] A representational image showing crude oil tankers off the shore of Karystos, on the Island of Evia, Greece, May 26, 2022. — Reuters ISLAMABAD: Minister for Petroleum Musadik Malik on Wednesday rubbished the reports suggesting that Pakistan and Russia had reached an agreement for the supply of discounted crude oil. Speaking to reporters, Malik…
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Govt set to hold another round of bidding for PIA: minister
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[ad_1] View of a Pakistan International Airlines (PIA) passenger plane, taken through a glass panel, at the Allama Iqbal International Airpor in Lahore. — Reuters/File ISLAMABAD: The government is “poised to restart the bidding process for the privatisation of Pakistan International Airlines (PIA)” following a failed attempt to sell the loss-making state-owned entity as it…
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Govt keeps petrol, diesel prices unchanged for next fortnight
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[ad_1] A worker filling petrol in a motorbike at Fuel Station in Karachi, September 1, 2023. — PPI ISLAMABAD: The federal government has kept the fuel prices unchanged for the next fortnight in the international market, stated a notification issued by Finance Division. “The Oil [and] Gas Regulatory Authority has worked out the prices of petroleum…
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KP govt reiterates interest in acquiring PIA
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[ad_1] A representational image of PIA airplane. — AFP/File The Khyber Pakhtunkhwa (KP) government has written another letter to the privatisation minister, seeking an update on its previous letter expressing interest in acquiring the national airline, PIA. In its initial correspondence on November 1, the KP government formally declared its readiness to submit a competitive…
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Govt announces Rs26 per unit relief for extra winter power usage
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[ad_1] A general view of the high voltage lines during a nationwide power outage in Rawalpindi on January 23, 2023. — AFP The federal government on Friday unveiled the “Bijli Sahulat Package” for three months — December 2024 to February 2025 — aiming to manage winter electricity demand and stimulate economic growth, delivering a major…
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PTI claims govt unable to meet IMF targets amid ‘mini-budget’ talk
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[ad_1] PTI leader and Opposition Leader in the National Assembly Omar Ayub Khan. — APP/File PESHAWAR: Pakistan Tehreek-e-Insaf (PTI) politician Omar Ayub on Thursday accused the government of failing to meet the goals set by the International Monetary Fund (IMF) amid reports suggesting that a “mini-budget” is on the cards, which, if introduced, could add…
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Govt increases petrol price by Rs1.35
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[ad_1] Fuel station worker filling petrol in vehicle, at Fuel Station in Karachi on Tuesday, April 16, 2024. — PPI ISLAMABAD: The federal government on Thursday increased the price of petrol by Rs1.35 for the next fortnight in line with “price variation” in the international market. The new fuel prices came into effect from November…
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Five IPPs ‘voluntarily’ terminating contracts with govt, says PM Shehbaz
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[ad_1] Prime Minister Shehbaz Sharif addressing the federal cabinet in Islamabad, on October 9, 2024. — Screengrab/Geo News After extended deliberations with the authorities, the five independent power producers (IPPs) have agreed to cancel their power purchase agreements (PPAs) with the federal government “voluntarily”, Prime Minister Shehbaz Sharif said on Thursday, providing inflation-hit consumers with a…
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Govt slashes petrol price by Rs2.07 per litre for next fortnight
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[ad_1] People wait their turn to get fuel at a petrol station, in Karachi, Pakistan June 2, 2022. — Reuters ISLAMABAD: The federal government has cut the price of petrol by Rs2.07 for the fifth consecutive fortnight in line with the global oil rates. The new prices will be effective from October 1, according to an…
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Govt withdraws Rs250 million infrastructure grant | The Express Tribune
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[ad_1] ISLAMABAD: The federal government on Wednesday withdrew its decision to give a quarter of a billion rupees to a private foundation for an infrastructure project, which it had earlier allocated in a non-transparent manner while using the inflation-bitten taxpayers’ money. The government had allocated funds for The Noorani Foundation (TNF) without setting any criteria…
