govt
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Millions at risk as govt plans closure of utility stores nationwide | The Express Tribune
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[ad_1] PAKISTAN: The federal government is moving towards closing utility stores nationwide, a move expected to severely impact millions of low-income families who have long relied on discounted essential goods. This follows the government’s decision to halt a Rs50 billion subsidy, which previously offered significant relief to around 26 million deserving households. During a recent…
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Sindh govt pushed for electricity price cut in line with Punjab | The Express Tribune
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[ad_1] Listen to article Sindh Governor Kamran Tessori has announced that he will write a letter to the provincial government, urging them to reduce electricity costs in Sindh, similar to the relief provided in Punjab. During a press conference in Karachi, Tessori emphasized that the Sindh government should offer the same relief to its residents as Punjab…
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Govt approves Rs60b relief package | The Express Tribune
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[ad_1] ISLAMABAD: The government on Thursday approved a Rs60 billion relief package to provide five essential goods to poorer households at subsidised rates, a 71% increase from the previous allocation due to a significant rise in prices over the past year. The decision was made by the Economic Coordination Committee (ECC) of the Cabinet, led…
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Govt plans to add 20m new taxpayers during 5 years | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has shared with the IMF a five-year revenue generation plan aiming at bringing more than 20 million new tax payers in the tax net. The plan includes proposed targets for broadening the tax net during the next five years. According to sources, the plan aims to incorporate more than 20…
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Govt jacks up power tariff by Rs2.56 per unit in June FCA
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[ad_1] A technician fixes new electricity meters at a residential building in Karachi, Pakistan, on May 13, 2010. — AFP ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday notified a hike in power tariff by Rs2.56 per unit under fuel cost adjustment (FCA) related to the month of June and would be collected…
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Govt forms task force for urgent power sector overhaul | The Express Tribune
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[ad_1] Following widespread protests over skyrocketing electricity bills, Prime Minister Shehbaz Sharif has announced the formation of a task force to implement structural reforms in Pakistan’s power sector, according to media reports. The task force aims to alleviate the financial burden on the government and establish a more efficient, self-sustaining power market. Sources reveal that…
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PPP govt borrowed largest IMF loan; PTI paid highest interest: document
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[ad_1] The International Monetary Fund’s logo is seen outside the global lender’s headquarters in Washington, US, April 20, 2018.— Reuters ISLAMABAD: An official document has revealed that the Pakistan Peoples Party’s (PPP) government (2008-13), holds the record for the largest borrowings from the International Monetary Fund (IMF), while the Pakistan Tehreek-e-Insaf (PTI) administration (2018-22), paid…
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Govt adopts irrational pricing policy | The Express Tribune
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[ad_1] LAHORE: Pakistan is facing a low growth trap while the new budget essentially increases expenditure through more borrowing and a higher burden of taxes. Increasing expenses, based on heavy borrowing, just raise the payments on borrowing, which now account for 57% of the total expenditure. This policy is clearly profligate and not sustainable; therefore,…
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Govt to import expensive urea to meet shortfall | The Express Tribune
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[ad_1] ISLAMABAD: The government on Friday approved import of 100,000 metric tons of fertiliser at a price of $359 per ton but turned down a proposal for doling out Rs5.9 billion in subsidy to match local urea prices – in a move that would bridge the shortfall but disturb market prices. The Economic Coordination Committee…
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Govt proposes risky terms for PIA | The Express Tribune
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[ad_1] ISLAMABAD: The government has proposed buyer-favoured terms for the sale of majority stakes in Pakistan International Airlines (PIA), offering to accept partial purchase payments for the acquisition of majority stakes and allowing debt-funded investments over a period of three years. Under the proposed terms, the buyer will have the option to pay approximately one-third…
