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Khaleeq KianiDawn Business |
ISLAMABAD: In light of the recent increase in base tariffs, government-owned power distribution companies (Discos) have sought an additional fuel cost...
ISLAMABAD: The International Monetary Fund (IMF) on Tuesday maintained Pakistan’s growth forecast at 3.5 per cent for the current fiscal year but...
ISLAMABAD: Despite protests from the Ministry of Planning, the Ministry of Finance has decided to keep the lid on federal financing of development and...
ISLAMABAD: The government has failed to convince the IMF about its enforcement capabilities for increasing revenues due to a poor track record and...
• Awais Leghari says consumers paying Rs8 per unit tax amid authority’s failure • Orders detailed audit of IPP agreements spanning over past...
ISLAMABAD: Continuing with the rising trend, the major petroleum products — petrol and high-speed diesel (HSD) — are estimated to increase by more...
ISLAMABAD: Claiming completion of almost all prior action before time and reaching an agreement, in principle, with all provinces over agricultural...
• Okays up to 51pc hike in base rates, 184pc increase in fixed capacity charges • Average residential tariff to rise by Rs3.63 per unit for...
ISLAMABAD: The government on Wednesday notified 15 per cent increase in pensions and 20-25pc increase in salaries of the public servants with effect...
• Regulator orders investigation into overbilling by distribution companies • Consumers accuse Nepra of acting as rubber stamp for tariff hikes ...
ISLAMABAD: While all the state-run power companies face non-payments from the government departments, private power utility K-Electric on Monday...
• Revised summary to be rushed through cabinet; Nepra meeting moved to July 10 • Rs50bn revenue gap to be covered through subsidies,...
• Parliament okays Rs9.4tr in expenditure overruns, five times higher than amount approved a year ago • 86pc of these grants, worth over Rs8tr,...
ISLAMABAD: Sui Southern Gas Company Ltd on Friday announced that it had disconnected gas supply to Pakistan Steel Mills (PSM) for chronic...
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Friday notified an additional Rs3.33 per unit fuel cost adjustment (FCA)...
• Hearing on Rs700bn electricity tariff increase on 8th • Protected consumers face 51pc rise • Real applicable average national tariff to hit...
• Dealers from Karachi say pumps nationwide to shut from 6am today • One PPDA group accuses Karachi chapter of prioritising OMCs’ interests •...
ISLAMABAD: Pakistan received only about $11.7 billion in foreign loans and grants in the first 11 months (July-May) of outgoing FY24, far behind the...
• Airline has best routes; concerns to be resolved in due course, says minister • Hotels’ proceeds will be used to pay off PIA debt • Twofold...
• Talks with govt deadlocked; closure of over 13,000 petrol stations may go beyond Friday • Govt sets up monitoring cell to manage supply...
• Call for nationwide protest on July 5 comes after govt imposes 0.5pc advance turnover tax • Govt ‘concedes’ mistake, gives assurance it will...
ISLAMABAD: A nationwide nominal Rs1 Point-of-Sale (PoS) service fee on each sale invoice collected by hundreds of thousands of tier-1 retailers...
• Govt notifies 9pc increase in gas rates for industrial captive power units • Blocks Rs133bn relief in average gas rates for all other consumers ...
ISLAMABAD: Conceding a higher inflationary trend for the current month and challenges to current seasonal crops ahead, the government on Friday hoped...
ISLAMABAD: The federal government will have to pick about Rs9.20 per unit additional subsidy out of taxpayers’ money for electricity to be sold by...
ISLAMABAD: Ahead of a substantial price hike, the Pakistan Petroleum Dealers Association (PPDA) on Thursday accused major oil marketing companies...
• Changes effective for civilians from July 1, armed forces from next year • Gross pension to be based on 70pc of salary in last two years of...
ISLAMABAD: After four consecutive fortnightly price cuts, the major petroleum products — petrol and high-speed diesel (HSD) — are estimated to...
ISLAMABAD: Despite their annual revenues touching Rs12 trillion, the state-owned enterprises (SOEs) remain a substantial and increasing drain on...
• Aurangzeb unveils changes to finance bill, including zero rating on local sales of export industries, stationery items • Allocations for PSDP...
ISLAMABAD: Claiming that the proposed federal budget 2024-25 practically cancelled the recently announced policy for setting up new and upgrading...
• In report on fiscal risks, country’s finance team lists climate change among nearly dozen challenges to budget, medium-term outlook • Ministry...
ISLAMABAD: All five oil refineries have formally lodged protests with the government and the Oil & Gas Regulatory Authority (Ogra) for allowing the...
ISLAMABAD: In a rare but apparent downgrade, Prime Minister Shehbaz Sharif will personally head the Executive Committee of the National Economic...
• Increase to ensure Rs3.8tr funding for distribution companies, boost revenue by Rs485bn • Average national tariff to cross Rs70 per unit after...
ISLAMABAD: The government is expected to pass on the impact of lower international prices to consumers with a cut in the rates of petrol and...
ISLAMABAD: The newly formed Tax Reforms Commission — a joint venture of two state-run and private think tanks — on Monday called for a stable and...
Prime Minister Shehbaz Sharif in a group photo with the chief ministers of all four provinces, prior to the meeting of National Economic Council, on...
ISLAMABAD: The oil industry is protesting the Pakistan Railways’ “strange tender specifications”, which practically bar the procurement of...
• Led by PM, 13-member council aiming for 3.6pc economic growth rate • Expected to consider 13th five-year plan, review performance of Ecnec, CDWP...
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Friday notified up to Rs3.23 per unit additional increase in electricity rates...
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday notified Rs3.33 per unit additional fuel cost against consumption in...
ISLAMABAD: More than two months after a mishap that led to the complete shutdown of the 969-megawatt Neelum-Jhelum Hydropower Project (NJHPP), the...
Nepra has rejected Discos’ demand for an ‘urgent fee’ of Rs15,000 single-phase and Rs30,000 for three-phase meter for installing new...
ISLAMABAD: As the National Electric Power Regulatory Authority (Nepra) on Monday notified Rs1.90 per unit additional cost to nationwide consumers for...
ISLAMABAD: With an unexpected decline in monthly inflation below 12 per cent — the lowest in about 30 months — the S&P Global projected an...
• Meeting of the pivotal National Economic Council yet to be scheduled • Premier, finance minister unavailable until June 8 to lead key...
• Development spending cut by 25pc to Rs717bn; PSDP size falls from 1.7pc of GDP in 2013 to 0.9pc in 2023-24 • Planning Commission summary...
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved up to Rs1.90 per unit additional quarterly tariff adjustment (QTA)...
• Overall federal, provincial development spending to go beyond Rs3.5tr • Energy sector gets largest share • 59pc drop in social sector funding...
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