ECC baulks at raising wheat support price by 25pc
Senior members of cabinet oppose increase, say it is not the right time from a political angle.
Khaleeq Kiani
Plan to decentralise power sector
The provinces will receive assets and equity of all nine Discos for Re1 each
Expansion of gas network for domestic users may be discontinued
This is part of a broad energy sector reform plan currently being finalised by the relevant ministries.
AGP blames finance ministry for irregularities worth Rs1.535tr
According to the AGP, the ministry has not provided the record relating to at least 13 major heads for FY19.
ECC okays 340,000 tonnes wheat import
The meeting also approved its distribution among Passco, Punjab and KP.
Govt engages provinces in crucial gas policy shift
Energy minister says his ministry is engaged with provinces for introducing a weighted average cost of local and imported gas.
Hesitant ECC defers decision on rise in wheat support price
Approves Rs72.6bn technical supplementary grant to Power Holding Ltd.
IMF forecasts 1pc growth, rising unemployment
Projects average inflation rate at 8.8pc and current account deficit at 2.5pc of GDP this year.
Centre notifies up to Rs2.89 per unit increase for power consumers in Karachi
The rise in the KE tariff is applicable from Sept 1
CDWP clears projects worth Rs269bn
ISLAMABAD: The Central Development Working Party (CDWP) on Monday cleared a total of 15 development projects...
Body overseeing IPPs deals execution rejigged
Dr Abdul Hafeez Shaikh has replaced Energy Minister Omar Ayub Khan as head of the committee.
The ticking time bomb of circular debt
The government should install a digital counter outside the Pakistan Secretariat to track the circular debt.
Asia-Pacific Group keeps Pakistan on enhanced follow-up list
The review is based on the performance as of Feb; Pakistan has made robust progress on the FATF's action points since then.
Refineries warn of closures amid rising stocks, low fuel off-take from OMCs
Sources say some companies are benefitting from the illegal import of Iranian oil products.
Power firms allowed 84-paisa hike in fuel adjustment for July
Increase allowed on account of monthly fuel cost adjustment for electricity consumed in July.
WB sees poverty rise, muted recovery in Pakistan over two years
Real GDP growth is estimated to have declined from 1.9pc in FY19 to -1.5pc in FY20, the first contraction in decades, says report.
Recovery of Rs115bn from gas consumers okayed
ECC allows Ogra to issue new CNG licences; cabinet members assail food ministry over handling of wheat imports.
New licences for CNG stations soon
At present, total CNG consumption stands at about 188 million cubic feet per day.
Ogra to settle system losses dispute on priority
The regulator has not notified RLNG prices after July owing to the disagreement between its two technical departments.
Centre launching five-year uplift plan for Gilgit-Baltistan
Infrastructure, agriculture, tourism, health and education among major sectors in the programme.