govt
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Circular debt to haunt new govt | The Express Tribune
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[ad_1] ISLAMABAD: The worsening circular debt in the energy chain will continue to haunt the new government along with the challenge of dealing with the rising crude oil prices in the global market following the Russia-Ukraine war, officials say. At…
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Traders urge new govt to prop up economy | The Express Tribune
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[ad_1] ISLAMABAD: Reviving the economy and placing it on a path of sustainable growth should be the top priority of the new government, said Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir. In a statement on Monday,…
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PM to pass on burden of POL price hike to next govt | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Imran Khan on Friday rejected an increase in the prices of petroleum products, passing on this burden to the upcoming government. The Petroleum Division had tabled a proposal of increasing oil prices to do away with…
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Govt seeks undertaking before nod to Eni sale | The Express Tribune
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[ad_1] ISLAMABAD: The Petroleum Division has asked Eni Pakistan to provide an undertaking of Hub Power Holdings Limited (HPHL) in favour of Prime International Oil and Gas Company Limited (PIOGCL) for the sale of Eni Pakistan to PIOGCL. The division…
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Govt transfers Rs20b to PSO | The Express Tribune
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[ad_1] The government has transferred Rs20 billion to the account of Pakistan State Oil (PSO) for the clearance of price differential claims (PDC) as it has frozen oil prices till the next budget. Despite higher crude oil prices in the…
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Govt to audit subsidy schemes for exporters | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to conduct an audit related to the performance of the export-oriented industry amid allegations that it was misusing the multibillion rupees given to it in form of subsidies. In a recent meeting of the…
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Govt okays Rs25b grant for PSO | The Express Tribune
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[ad_1] ISLAMABAD: The government on Friday approved a grant of Rs25 billion to partially ease the financial woes of Pakistan State Oil (PSO) amid the opposition’s warning that it would reverse all the decisions taken after the submission of no-confidence…
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Govt mulls new levy on oil products | The Express Tribune
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[ad_1] ISLAMABAD: The government is planning to impose infrastructure development levy (IDL) of Re1 per litre on petroleum products to generate around Rs354 billion and build strategic reserves of around 2 million tons. Sources told The Express Tribune that the…
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Govt to probe local carmakers | The Express Tribune
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[ad_1] ISLAMABAD: Amid talk of malpractices behind the massive jump in car prices, the government has decided to probe carmakers for their alleged intention to plunder the consumers. In a meeting of the monitoring committee for the automobile industry on…
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Govt okays Rs96 billion subsidy | The Express Tribune
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[ad_1] ISLAMABAD: The day the government lost majority in the National Assembly, the Economic Coordination Committee (ECC) of the cabinet approved Rs96 billion in subsidies for exporters, mainly the textile industry, and urea manufacturers, taking the total financial impact of…
