India to introduce up to 30% tariffs on Chinese, Vietnamese steel imports | The Express Tribune
India will impose tariffs of between 12% and 30% on some steel products imported from China and Vietnam in a bid to safeguard and boost local industry, an Indian finance ministry order showed. Welded stainless steel pipes and tubes exported by China, the world’s largest producer of steel, and Vietnam, will be taxed for the […]
China launches dairy probe as trade tensions rise over EV tariffs | The Express Tribune
BEIJING: China initiated an anti-subsidy investigation into dairy imports from the European Union (EU) on Wednesday, intensifying trade tensions between the two parties. This move came just one day after the EU revised its proposed punitive tariffs on Chinese-made electric vehicles (EVs). On Tuesday, the EU adjusted its planned duty on Chinese EV imports from […]
Government mulls IPPs closure to reduce power tariffs | The Express Tribune
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 to rationalise electricity rates, which include reducing allocations in development budgets at both federal and […]
New electricity tariffs announced: How much will your bill increase? | The Express Tribune
The Power Division has announced the implementation of new electricity tariffs starting from July 2024. According to the division’s statement, most consumers will see a slight increase in their monthly bills due to the updated tariffs. To mitigate the impact on consumers, the government will provide a subsidy of Rs440 billion. The statement detailed that […]
Electric shock for millions as tariffs soar | The Express Tribune
ISLAMABAD: In yet another shock to the tax-bitten masses, the government on Wednesday approved up to 51% or Rs7.12 increase in the per-unit price of electricity from July, the highest raise in terms of percentage for the lower income groups. In one go, 32.5 million consumers, mainly households, will be forced to pay an additional […]
Govt announces reduction in electricity tariffs | The Express Tribune
Federal Minister for Energy, Sardar Awais Khan Leghari, on Thursday announced a significant decrease in electricity bills for the month of April, Express News reported. In a statement, Leghari revealed a reduction of Rs3.82 per unit on electricity bills for April. This move comes as a relief to households and businesses grappling with rising utility […]
Govt shows interest in competitive tariffs | The Express Tribune
ISLAMABAD: Minister of Power Sardar Awais Ahmad Khan Leghari has assured textile millers that the government will provide support to the sector in its growth efforts as well as address its concerns. Talking to a delegation of the All Pakistan Textile Mills Association (Aptma), the minister emphasised the government’s unwavering commitment to providing substantial support […]
KCCI decries 191% surge in gas tariffs | The Express Tribune
KARACHI: Karachi Chamber of Commerce and Industry (KCCI), President, Iftikhar Ahmed Sheikh has expressed concerns over the significant surge in industrial gas tariffs under the caretaker setup. Since August 2023, the tariff has risen by 118%, escalating from Rs1,100 per mmBtu to Rs2,400 per mmBtu. Additionally, an extra 40% RLNG cost has been imposed, catapulting […]
High power tariffs exceeding consumers’ affordability, impacting consumption patterns: study
A technician from Karachi Electric , Pakistan’s largest city’s power supply company, checks electricity meters at a residential building in Karachi, on May 13, 2010. — AFP A recent study, conducted by the Institute of Policy Studies in Islamabad, found that the rising electricity prices are stretching consumers’ affordability to a breaking point and impacting their […]
Exporters demand competitive tariffs | The Express Tribune
KARACHI: Textile exporters on Thursday called on Prime Minister Shehbaz Sharif to take effective measures for sustainable growth of the industry, continue providing regionally competitive energy tariffs, fix concessionary rates of other utilities and manage exchange rates of the US dollar and euro to bring down the cost of raw material imports. The value-added textile […]