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Petrol prices set for major hike from tonight | The Express Tribune
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[ad_1] ISLAMABAD: The government is poised to increase petroleum product prices from July 16, with petrol expected to go up by Rs7.67 per litre, high-speed diesel by Rs3.72 per litre, and kerosene by Rs2.73 per litre. According to Express News, a proposal to raise the levy on petroleum products has been prepared and is awaiting…
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Government considers dropping power tariff hike for protected consumers | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has proposed to withdraw the recent electricity price hike for consumers using up to 200 units per month, according to sources. Prime Minister Shehbaz Sharif has directed the federal cabinet to urgently approve the summary of this proposal, aimed at providing relief to consumers using up to 200 units per…
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Hike in taxes ‘must to break IMF bailout cycle’ | The Express Tribune
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[ad_1] Finance Minister Muhammad Aurangzeb has warned that the country would continue seeking financial assistance packages from the International Monetary Fund (IMF) if the government failed to significantly boost its tax revenues. Speaking to a UK publication, the minister said he was “relatively confident” of reaching a staff-level agreement with the IMF this month for…
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Budget: Govt proposes up to 25% hike in employees’ salaries
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[ad_1] An employee counts Pakistani rupee notes at a bank in Peshawar, on August 22, 2023. — Reuters ISLAMABAD: The federal government has decided to increase the salaries of its employees by up to 25%, Federal Minister for Finance Muhammad Aurangzeb said Wednesday. The minister said this as he presented the federal budget for FY25 in…
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Budget FY25: Govt proposes ‘20% hike’ in salaries
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[ad_1] An employee counts Pakistani rupee notes at a bank in Peshawar, on August 22, 2023. — Reuters ISLAMABAD: As the federal government ramped up the pace to finalise the budget 2024-25, the finance minister proposed a 15-20% hike in the salaries, Geo News reported citing sources. According to the insiders of the finance ministry,…
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NEPRA notifies Rs3.76 per unit electricity rate hike | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has notified an increase in electricity rates by up to Rs3.76 per unit due to a quarterly adjustment. The hike allows power companies to recover over Rs46 billion from consumers for the third quarter of FY 2023-24. Of this total, Rs28.515 billion will be charged as…
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Another power tariff hike in offing | The Express Tribune
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[ad_1] ISLAMABAD: Electricity consumers may need to brace for another jolt as power distribution companies have proposed a tariff increase of up to Rs3.48 per unit. The companies have requested permission from the National Electric Power Regulatory Authority (NEPRA) to collect an additional Rs3.488 per unit from consumers under the fuel charges adjustment (FCA) for…
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BOJ ‘very likely’ to hike rates if inflation keeps rising | The Express Tribune
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[ad_1] WASHINGTON: Bank of Japan Governor Kazuo Ueda said on Friday the central bank “very likely” will raise interest rates if underlying inflation continues to go up, and begin reducing its huge bond buying at some point in the future. The central bank must maintain loose monetary policy for the time being as underlying inflation…
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KATI president urges reversal of POL hike | The Express Tribune
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[ad_1] KARACHI: President of the Korangi Association of Trade and Industry (KATI), Syed Johar Ali Qandhari, appealed to the government to rescind the recent hike in petroleum product prices, warning of dire consequences such as industrial closures, inflationary pressures, and a surge in unemployment if swift action is not taken. In a statement issued on…
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Power tariff hike of Rs2.75 per unit approved
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[ad_1] A FESCO worker fixes a line on an electric pole on December 19, 2022. — APP ISLAMABAD: Putting an additional burden of Rs85.2 billion on consumers, the National Electric Power Regulatory Authority (Nepra) has okayed a hike of Rs2.75 per unit in power tariff for the current quarter of the fiscal year 2023-24. The…
