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‘Status quo can’t be maintained’: Energy minister confirms talks with IPPs to reduce power rates
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A worker of Peshawar Electric Supply Company (PESCO) climbs up a high-voltage pylon in Peshawar, August 7, 2017. — Reuters Confirming the coalition government’s efforts to renegotiate contracts with independent power producers (IPPs) to reduce “unsustainable” electricity tariffs, Energy Minister…
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Plan on anvil to reduce electricity tariff: power minister
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Federal Minister of Energy Sardar Awais Ahmad Khan Leghari. — APP/File FAISALABAD: Federal Minister of Energy Sardar Awais Ahmad Khan Leghari has said that the cost of electricity production will be reduced as an action plan in this regard is…
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Government mulls IPPs closure to reduce power tariffs | The Express Tribune
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Listen to article The federal government has initiated plans to reduce the current electricity tariffs through a series of proposals and measures, acknowledging the significant financial risks faced by the power sector. According to sources, the government is working on multiple strategies…
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PM Shehbaz promises the nation to reduce electricity prices in Pakistan | The Express Tribune
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Listen to article Prime Minister Shehbaz Sharif announced on Friday that reducing electricity prices was a top priority for the PML-N government and its allies. He emphasised that providing relief to electricity consumers was a key agenda for PML-N President Muhammad Nawaz…
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Pakistan budget to significantly reduce government debt, rating agency Fitch predicts | The Express Tribune
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Fitch forecasts Pakistan’s FY25 budget to significantly reduce government debt, which is projected to decline to 68% of GDP by the end of FY24. This reduction is attributed to high inflation and deflator effects, which help offset soaring domestic interest…
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‘Govt likely to reduce petrol price by Rs9 per litre from June 16’
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A petrol pump in Islamabad is seen in this undated image. — Online/File KARACHI: In what might be a possible relief for Pakistanis who have been troubled with sky-high inflation, the federal government is expected to slash petroleum prices by…
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Govt to cut spending to reduce deficit | The Express Tribune
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ISLAMABAD: The interim federal government has decided to reduce spending on a massive scale in order to show a surplus of Rs600 billion on behalf of the provinces during the current fiscal year and to meet the International Monetary Fund’s…
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Govt likely to reduce petrol price from October 1: sources
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photograph of a car being filled with petrol at a petrol station. — AFP/File ISLAMABAD: In a bid to transfer the benefit of recent stability witnessed by the rupee against the US dollar, the caretaker government is likely to reduce…
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How to reduce people’s misery in energy sector | The Express Tribune
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ISLAMABAD: It does not require any elaboration that people are suffering from high inflation, especially in the energy sector. There are both supply and pricing issues. It is also known that heavy currency devaluation and international commodity crisis in the…
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Govt can reduce tax burden on people consuming up to 300 units: Miftah
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Former finance minister Miftah Ismail. — Radio Pakistan/File Former finance minister Miftah Ismail on Saturday claimed that the caretaker government could reduce the tax burden on domestic consumers using up to 300 units of electricity. Reacting to the countrywide protests…
