BEIJING: Chinese Foreign Ministry Spokesperson Mao Ning on Tuesday called for international cooperation with Africa to be more fair, equal and practical. “As Foreign Minister Wang Yi stressed, to be Africa’s cooperation partner, one must always do what is fair and just for Africa, treat Africa as an equal and deliver tangibly for Africa. We … Read more
ISLAMABAD: The Secretary of Power on Friday hinted at passing the burden of Rs 2.6 trillion in circular debt onto consumers who have been regularly paying their bills. This debt has accumulated due to inefficiencies and theft in power distribution companies (DISCOs). Instead of addressing these root causes, the Secretary of Power acknowledged the government’s … Read more
The government is considering a price equalisation levy on wellhead gas to cross-subsidise protected residential and industrial consumers. This move aims to reduce the annual subsidy burden on the federal budget by Rs10-15 billion as part of broader petroleum sector reforms. As per a news report, these reforms are a key component of the Integrated … Read more