A power transmission tower is seen one day after a power failure across the country, in Karachi, on January 24, 2023. – Reuters The cost of energy production in April increased by 8.0% in annual shift. “The April electricity production was the highest in eight months”. RLNG electricity production leads to an increase in prices. … Read more
A bank employee has Pakistani Roupie tickets in a Peshawar bank on August 22, 2023. – Reuters The proposal is conditioned on IMF approval. Pakistan-IMF Parlyes takes place from May 14 to 22. The FBR says the proposals under discussion for the salaried class. Islamabad: The government has shared the securities of the tax measures … Read more
A general view of the border post in Torkham between Pakistan and Afghanistan. – Reuters / File The trade in bilateral products increases by 27% to $ 1.575 billion in July-Mars. The front cargo plunged by 64%, going to $ 809 million. The reverse cargo also decreases by 46% to record $ 50 million. Islamabad: … Read more
National Electric Power Regulatory Authority (NEPRA) logo seen on a wall. – App / file The National Electric Power Regulatory Authority (NEPRA) approved a government proposal aimed at reducing RS1.71 electricity prices per unit, citing relief in the oil development tax (PDL). The reduction will apply to consumers nationally, including those of Karachi, for the … Read more
Prime Minister Shehbaz Sharif addresses the United Nations meeting. – Reuters / File PM to announce a “big decision” today. Prime Minister to meet businessmen in Islamabad. The IMF had approved the RE1 reduction per unit of power rate. Islamabad: Prime Minister Shehbaz Sharif should announce a reduction in electricity prices today (Thursday) after the … Read more
Image of representation showing electric grids. – Pixabay The request recommends a reduction application to all distribution companies. Domestic consumers for life do not be covered by this adjustment. Govt is looking for a subsidy for three months to improve the demand for electricity. Islamabad: The federal government officially submitted a request to the National … Read more
Listen to the article The International Monetary Fund (IMF) in principle agreed a partial reduction in the tax rate for deductions on purchases of goods, following a request from the Federal Board of Revenue (FBR). The new rate, which will be reduced by two percent, is expected to come into force in April 2025. However, … Read more
An image of representation of a transmission tower, also known as the electricity pylon. – AFP / File The government reduces the power rate of RS8 per unit from April. RS4.73 per unit reduction unit remains permanent due to revised energy policies. RS1.30 per relief unit lasts a month of fuel price savings. Islamabad: Prime … Read more
A worker has a fuel nozzle to fill the fuel in a car at the Karachi service station on September 16, 2023. – Reuters Kerosene, LDO could be reduced by RS10 and RS7 per liter. The next bimonthly review is due on March 15. The final prices to be determined according to the fluctuation of … Read more
Pakistan Tehreek-e-insaf central secretariat in Islamabad. – Facebook / Nasser Ali / File Islamabad: In the middle of the “financial crunch” reported by the former ruling party, the wages of staff members of Pakistan Tehreek-E-insaf (PTI) were reduced by 50%, sources revealed on Tuesday. In addition to this, other advantages and privileges, including the fuel … Read more
A technician fixes new electricity meters in a residential building in Karachi, Pakistan, May 13, 2010. – AFP Govt in talks with the banks to borrow RS1.3TN to facilitate circular debt. Negotiations in progress to finalize the term sheet to obtain a loan. The secretary of power says that Govt trying to reduce taxes on … Read more
The newly appointed Minister of Finance appointed Muhammad Aurangzeb, poses after taking an oath to Islamabad, March 11, 2024. – Ministry of Finance The Minister of Finance, Muhammad Aurangzeb, announced on Sunday the intention of reducing the financial burden of the salaried class in the coming budget. His remarks occurred a few days after thousands … Read more