govt
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Govt mulls targeted fuel subsidy as PDC swells | The Express Tribune
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[ad_1] ISLAMABAD: A proposal is under study to give targeted subsidy through the Benazir Income Support Programme on petroleum products to the poor motorcyclists following a substantial increase in payments of price differential claims (PDC) to oil marketing companies (OMCs) on petrol and high-speed diesel. The Oil and Gas Regulatory Authority (Ogra) has been asked…
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Energy sector: possible priorities of new govt | The Express Tribune
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[ad_1] We have a new government. Many causes are being assigned to the fall of the previous one. One theory is that it lost the support of the “establishment”, while the other is that the US getting antagonised by ex-PM’s visit to Russia and then orchestrating the ouster. There is some substance in the first,…
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Govt signals growth slowdown | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Finance said on Friday that economic growth was slowing down to 4%, as the economy confronted inflation risks and external sector pressures, endorsing the viewpoint that had long been held by the international lenders. In its monthly Economic Outlook for April, the economic advisory wing of the finance ministry also…
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Govt raises Rs376 billion through PIBs | The Express Tribune
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[ad_1] KARACHI: The cash-strapped government raised Rs375.8 billion against the set target of Rs100 billion through auctioning three to 10-year Pakistan Investment Bonds (PIB) to commercial banks on Thursday, as lending rate on the long-term bonds remained significantly low – despite a spike – compared to short-term papers. The lending rate aggressively increased by 145…
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Govt to wind up CPEC authority | The Express Tribune
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[ad_1] ISLAMABAD: The new government has decided to abolish the China-Pakistan Economic Corridor (CPEC) Authority amid disclosure that Chinese power producers have shut down 1,980 megawatts of production capacity due to non-clearance of their Rs300 billion dues. Planning Minister Ahsan Iqbal has passed instructions to the concerned officials to begin the process for abolishing the…
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Govt aims to bring economic stability | The Express Tribune
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[ad_1] ISLAMABAD: The year 2022 will see economic stability, development and public welfare under the leadership of Prime Minister Shehbaz Sharif, Minister of State for Finance Dr Aisha Ghaus Pasha remarked. Talking to a news channel on Wednesday, she underlined that political stability was important and necessary to mobilise Pakistan’s economy. “Once again, Pakistan will…
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Govt to end immunity for taxmen | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to withdraw blanket immunity that the taxmen had secured in the previous political regime to protect themselves from adverse actions after they shared personal tax information of high-profile public officials with investigation agencies. During any next legislative opportunity, the section 216 (T) of the Income Tax Ordinance will be…
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Petrol price in Pakistan: Govt decides against raising rates, say sources
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[ad_1] — AFP/File ISLAMABAD: Prime Minister Shehbaz Sharif has rejected the proposal to hike the price of petroleum products, sources told Geo News Friday, newly-elected premier seeks to provide relief to the masses. The official announcement will be made shortly. The current government’s decision to keep the prices unchanged will force it to give another…
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Govt jacks up power tariff by Rs4.8, maintains fuel prices | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Friday turned down proposed increase in fuel prices up to Rs51 per litre effective from April 16, 2022. Oil and Gas Regulatory Authority (Ogra) had proposed increase in price of diesel by Rs51.32 per litre (35.7%), petrol Rs21.30 per litre (14.2%), kerosene oil Rs36.03 per litre (28.7%) and…
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Traders urge govt to prioritise sustained growth | The Express Tribune
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[ad_1] ISLAMABAD/FAISALABAD: Sustained economic growth should be the top priority of the government and Prime Minister Shehbaz Sharif should achieve this objective by translating his idea of the charter of economy into practical terms, said Faisalabad Chamber of Commerce and Industry (FCCI) President Atif Munir Sheikh. Speaking to APP on Thursday, Sheikh stated that “our…
