DISCOs: govt to adopt Turkish model | The Express Tribune

The key challenges faced by DISCOs included poor governance and inadequate investment. Therefore, they were placed on the active privatisation list but the process could not move forward. Photo: file ISLAMABAD: Pakistan has decided to follow the Turkish model through outsourcing the management of power distribution companies (DISCOs) in an attempt to reduce losses, bring […]

100-day agenda for new govt | The Express Tribune

ISLAMABAD: It is natural that citizens and voters build up expectations from a new government to deliver them relief. A newly elected government, which will hopefully take the reins soon in Islamabad, will also be under pressure to make such announcements, which can earn them acceptability. A new government is often expected to announce a […]

New govt hopes spur stock market | The Express Tribune

PSX ‘switched off’ trading terminals of one brokerage house for violating NCB rules. PHOTO: FILE KARACHI: Pakistan Stock Exchange (PSX) surged nearly 3,000 points in the outgoing week in a rally spurred by an agreement among major political parties to form a coalition government, which largely addressed the political instability that had prevailed since elections […]

Govt gets only $9.2b in foreign loans | The Express Tribune

ISLAMABAD: Pakistan received a little over $9 billion in foreign loans during the first seven months of the current fiscal year, an amount that was barely enough to meet its financing needs and could not take foreign exchange reserves into double digits. The Economic Affairs Division on Friday reported the latest disbursement figures for July-January […]

Govt approves work on Pakistan section of IP gas pipeline project | The Express Tribune

ISLAMABAD: The Cabinet Committee on Energy (CCoE) granted approval on Friday for the initiation of work on the 80-kilometer segment of the Iran-Pakistan (IP) gas pipeline project within the country. According to a press release, the committee, acting on a recommendation from the Petroleum Division, has endorsed the commencement of the project, starting from the […]

Govt restructures gas priority for industrial growth | The Express Tribune

ISLAMABAD: The caretaker government has decided to change the gas priority order by placing the process industry at the top along with domestic consumers. It has also changed the priority order of the fertiliser sector by placing it in the second category along with the power sector. Earlier, the fertiliser industry was placed in the […]

‘Govt must reconsider gas tariff hike’ | The Express Tribune

ISLAMABAD: Trader bodies on Saturday urged the federal government to reconsider its decision to hike the gas tariff to address concerns of the business community. Islamabad Chamber of Commerce and Industry (ICCI) President Ahsan Zafar Bakhtawari and President of Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Sheikh, made the demand during a meeting […]

Govt approves Rs2.73 per litre petrol price hike

A fuel station worker fills petrol in a motorbike in Karachi, on October 16, 2023. — PPI As the country battles rampant inflation, the caretaker government Thursday announced an Rs2.73 per litre hike in petrol price for the next fortnight to Rs275.62 per litre. As per the notification issued by the Finance Division, the price […]

Traders urge govt to withdraw gas price hike | The Express Tribune

KARACHI: Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) President Muhammad Farooq Shaikhani has hit out at the Economic Coordination Committee (ECC) for its decision to make a massive increase of 65% in gas tariffs. He appealed to all political leaders and the country’s rulers to withdraw the gas price hike promptly to restore […]

Govt considers allowing urea price hike | The Express Tribune

The Finance Division reiterated its stance that no additional subsidy would be provided on the supply of urea once the proposed mechanism of basket price is enforced. photo: file ISLAMABAD: The government is considering permitting fertiliser manufacturers to increase urea prices by up to Rs358 per bag, shifting the entire burden of over Rs30 billion […]

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