Energy Minister Awais Leghari addresses a press conference in an undated picture. — Radio Pakistan/File Leghari says several measures underway to lower power tariff. Claims PTI govt purposely worsened matter by not convincing IPPs. Says govt has taken last regime’s sector probe report to next stage. As the country reels under back-breaking electricity bills, blamed … Read more
ISLAMABAD: As the ill-planned and expensive Liquefied natural gas (LNG) imports have led to a reduction in indigenous gas supplies, the government is now considering a proposal to swap gas supply between two gas utilities. This proposal will be discussed in a high-level meeting chaired by Finance Minister Ishaq Dar on September 2. Sources told … Read more
A long queue of people is seen outside a utility store in an undated picture. — APP/File “Govt wants to get out from unnecessary businesses.” Rs50 billion subsidy at utility stores already halted: USC. Workers alliance vows to resist utility stores closure. In a bid to reduce expenses, the federal government is considering to shut … 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
An undated image of a cashier counting Rs500 notes. — AFP/File Funding for relief to be funded from development budget: sources. IMF to be taken into confidence over proposed step, say sources. Development comes amid outcry over high taxes, inflation. Prime Minister Shehbaz Sharif has tasked his finance team to work out options as the … Read more