Ministry

Finance Ministry highlights management problems in oil and gas sector Blogging Sole

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Finance Ministry highlights management problems in oil and gas sector Blogging Sole

An undated image of a MOL Pakistan exploration site. — MOL Pakistan website/file Circular debt creates cash flow constraints, according to the ministry report. This highlights ineffective financial management in PSO, PPL, etc. Deplores obsolete and inefficient infrastructure, operational problems. ISLAMABAD: The Ministry of Finance, in its report, has raised serious questions over financial mismanagement … Read more

Energy Ministry seeks grants of 400 billion rupees to meet IMF conditions Blogging Sole

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Energy Ministry seeks grants of 400 billion rupees to meet IMF conditions Blogging Sole

A representative image of pylons and power lines. — Reuters/File The Ministry of Energy writes a letter to the Ministry of Finance in this regard. The FY25 budget includes Rs 1,229 billion in energy subsidies. The IMF recommends institutionalizing anti-theft procedures. ISLAMABAD: To avoid slippages due to the escalation of circular debt agreed with the … Read more

Energy Ministry reveals details of huge capacity payments to IPPs Blogging Sole

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Energy Ministry reveals details of huge capacity payments to IPPs Blogging Sole

A representative image of pylons and power lines. — Reuters/File Five IPPs received capacity payments above 50% of contributions in FY23. Government disbursed over Rs 769 billion for 12 IPPs in FY 2023-24: Document. Publication of the list of IPPs that produced electricity at the highest prices. Days after the government approved “settlement agreements” with … Read more

Finance Ministry forecasts inflation to fall to 5.8-6.8% in November Blogging Sole

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Finance Ministry forecasts inflation to fall to 5.8-6.8% in November Blogging Sole

People look at handbags displayed outside shops at a market, ahead of Eid al-Fitr celebrations in Karachi, Pakistan, April 19, 2023. — Reuters Inflation is expected to decline to 5.6%-6.5% by December. PBS data shows inflation fell to 7.2% in October. The LSM sector seems to be struggling to bounce back. Inflation is expected to … Read more