By Staff Reporter
ISLAMABAD: Pakistan has opened talks with China to reprofile its power sector debt, as the South Asian nation works to implement structural reforms to secure a $7 billion bailout from the International Monetary Fund (IMF), a minister said on Sunday.
Energy
Pakistan seeks China’s help on power sector reforms, debt restructuring
By Staff Reporter
ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb arrived in Beijing on Thursday to discuss power sector structural reforms suggested by the International Monetary Fund (IMF) with his Chinese counterpart, local media reported on Friday.
Pakistan to end uniform fuel pricing, allows oil companies to set rates
By Staff Reporter
ISLAMABAD: The energy ministry is pushing ahead with plans to deregulate fuel prices, a move that has split the industry and sparked concerns among dealers.
Petrol now Rs275.60/liter, diesel Rs283.63/liter
By Staff Reporter
ISLAMABAD: Pakistan increased petrol prices by Rs9.99 to Rs275.60 per liter, effective Tuesday, the finance ministry announced on social media platform X.
Govt hikes electricity tariffs by as much as 20pc to stem financial bleeding
By Staff Reporter
ISLAMABAD: The government has raised electricity tariffs by as much as 20 percent in a bid to stem financial losses and stabilize its ailing power sector, a move that will hit consumers and businesses already reeling from soaring inflation.
PM Sharif cuts electricity tariffs by 12pc for industries to boost exports
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday announced a subsidy package to improve the country’s industry and exports, aimed at reducing the burden on industries and increasing competitiveness in the global market.
Illegal cigarettes erode Pakistan’s tax base, undermine health initiatives
ISLAMABAD: The intricate process of policymaking is currently centered around a contentious issue: tobacco taxation. As the government delves into its budget-making process, a fierce debate has emerged. Policymakers are grappling with a critical decision—whether to focus on the country’s fiscal framework or to prioritize a health-driven agenda by increasing taxes on the tobacco sector.
Inflation dips to 30-month low, signals potential rate cut
By Staff Reporter
KARACHI: Inflation cooled more than expected in May, hitting a 30-month low and coming in under government forecasts, potentially giving the central bank room to ease policy in the upcoming review.
Petrol price cut by Rs15.39 per liter, diesel by Rs7.88
By Staff Reporter
ISLAMABAD: The government has cut the price of petrol by 5.3 percent to Rs273.10 per liter for the next 15 days, the second cut in a fortnight, providing some relief to consumers reeling from inflation over the past two years.
NEPRA adds additional Rs2.83 fuel cost to March electricity consumption
By Staff Reporter
KARACHI: The National Electric Power Regulatory Authority (NEPRA) on Wednesday allowed distribution companies to levy a Rs2.83 per unit additional charge on consumers’ bills for May as part of fuel cost adjustment (FCA) charges.