The Power Division has affirmed its complete adherence to all agreements made with the International Monetary Fund (IMF), stating that it has submitted reports detailing actions taken up to January 2024. An official clarified that the IMF Mission will review these reports and pose queries based on their analysis, which will be addressed during discussions. Moving forward, input from ministries…
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The cost of living has surged notably, driven by increasing utility bills and transportation expenses, exacerbating economic challenges for consumers. A mixed trend in food prices during the last Ramazan has contributed to this heightened financial strain. Data from the Sensitive Price Index (SPI) reveals significant changes in food prices. For instance, the average national price of a 20kg flour…
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According to informed sources, petroleum prices are expected to remain steady for the upcoming two weeks starting March 16. Despite a slight increase in the premium on petrol import to $12.15 per barrel, and unchanged premium on high-speed diesel (HSD) import at $6.50 per barrel, the government has room to manage prices. While petrol prices may see a marginal increase…
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Karachi: Naeem Qureshi, the President of the National Forum for Environment and Health, has been appointed as the new Convener of the CSR Central Standing Committee of the Federation of Pakistan Chambers of Commerce & Industry on Sustainable Development Goals (SDGs) for the year 2024-25.FPCCI President, Atif Ikram Sheikh, appointed Qureshi as the Central Standing Committee convener keeping in view…
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Newly appointed Sindh Energy Minister, Syed Nasir Hussain Shah, has said the execution of the ongoing solar power projects will be expedited for fully tapping the clean energy potential of Sindh to fulfil the election campaign promise of PPP Chairman Bilawal Bhutto Zardari to provide 300 units of free electricity to underprivileged consumers.Shah stated this while chairing an introductory meeting…
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ISLAMABAD – Dr. Musadik Malik has officially taken charge as the Federal Minister of Energy, marking the beginning of his tenure at the Ministry of Energy. Upon his arrival, he received a warm welcome from the Secretary of Petroleum and other officials of the ministry. Addressing the gathering, Dr. Malik expressed the government’s dedication to facilitating both local and foreign…
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Islamabad – The Planning Commission’s new initiative, centered around a long-term integrated energy demand and supply model based on a long-range energy alternatives planning (LEAP) framework, aims to address Pakistan’s persistent energy challenges. Muhammad Nauman Hafeez Khan, a research analyst on energy policy at the Ministry of Planning, Development, and Special Initiatives, highlighted the critical role of this initiative in…
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During a meeting at the Chief Minister’s House in Peshawar, KP Chief Minister Ali Amin Khan Gandapur emphasized the significant outstanding dues owed to Khyber Pakhtunkhwa (KP) by the federal government. Under the ‘AGN Qazi Formula’, the federal government owes KP a substantial amount of Rs 1,510 billion as net hydel profit (NHP). Additionally, arrears totaling Rs. 6 billion, pertaining…
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In a bid to alleviate financial burdens, the Sui Northern Gas Pipeline Company Limited (SNGPL) has recommended amendments to tax laws, aiming to revise sales tax, income tax, and minimum turnover tax, sources within the Petroleum Division informed Business Recorder. The proposed amendments address various tax issues previously highlighted by SNGPL, which were not addressed in the Finance Act 2023.…
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In a ceremony held at the Governor House, a 10-member Sindh Cabinet was inaugurated, presided over by Sindh Governor Kamran Tessori. Notable attendees included Sindh Chief Minister Syed Murad Ali Shah, elected lawmakers, diplomats, and members of various sectors. During the event, Sindh Chief Minister Murad Ali Shah, in consultation with party leadership, assigned portfolios to cabinet members. Of particular…
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